News

620,000 taxpayers overpaid on their taxes last year

Taxpayers overspent €683 million on their taxes last year, according to preliminary estimates

Revenue Commissioner, Ruth Kennedy; Minister for Finance Michael McGrath T.D.; and Aisling Ní Mhaoileoin, Revenue’s National PAYE Manager. Revenue launched a campaign to alert taxpayers to their unclaimed tax reliefs and tax credits, like the rent tax credit and remote working relief, and remind them to let Revenue know of any additional income they earn outside the PAYE system. Picyure: Julian Behal

Just under 620,000 Irish taxpayers overpaid on their tax over the course of 2023, totalling an overspend of €683 million, new figures from Revenue suggest.

Revenue says that over 472,000 PAYE income tax returns were processed for the year of 2023, an increase of 30 per cent on the year before.

About 275,000 of these tax returns resulted in an overpayment of tax.

Michael McGrath, minister for finance, said that since the beginning of 2024, ...