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This statement will show if you have overpaid or underpaid tax in a particular year.If there is an overpayment a refund will be made into your bank account (if you have provided Revenue with your bank details) or a cheque for the amount will be issued.The tax office will then forward you a detailed statement of your tax credits.
Your employer is legally obliged to provide you with a payslip that details the tax and PRSI deductions and PRSI contributions made on your behalf.
This is a statement of your pay and the tax and PRSI to date deducted by your employer.
It is a very important document and you need it if: At the end of each tax year your employer must give you a P60 which is a statement of your pay and of the tax and PRSI deducted by your employer during the year.
For your own security it is important that your employer pays your social insurance contributions.
Being included in the PRSI system ensures you get your rights in relation to social welfare payments if you become unemployed, ill, if you are injured in work, if you take maternity leave or apply for a pension.
my Account is an internet system that lets you do business with Revenue electronically 365 days a year.