Grant Application deadline – 31st August 2009

Grant Application deadline – 31st August 2009

The deadline for the submission of grant applications is 31st August 2009.

Information you may require for your application:

You may need to send a PAYE Balancing Statement (Form P21) to your Local Authority, Bank, Building Society etc. as proof of earnings for the purpose of obtaining an education grant, a house or a loan etc.

A PAYE Balancing Statement gives details of your total income, tax credits and PAYE tax paid for a particular tax year. It also shows whether you have overpaid or underpaid tax for the year. If you have overpaid tax, a cheque for the amount overpaid will be attached. If you have underpaid tax your district office will indicate if, and how the underpayment will be collected - usually by reduction of your tax credits for a subsequent tax year.

Why your P60 is not sufficient for the grant application:

You may have more than one source of income or you may be jointly assessed with your spouse which means that a P60 from one employer would not give the full information required.

How to get a P21

You can request a P21 online from www.revenue.ie/en/online/paye-anytime.html

You can also request a P21 by forwarding your Form P60 (and, if relevant, a Form P60 for your spouse) for the tax year to your local Revenue office and asking for a P21. If you wish to claim any additional tax credits you should submit the necessary information e.g. details of PRSA contributions etc. Receipts etc must be kept for 6 years as Revenue may ask for them at a later stage. Your district office will advise you if any further information is required. You can also claim additional tax credits online from PAYE anytime.

Waiting period for a P21

A P21 requested from PAYE anytime will be issued immediately and should be received within 3 to 4 days. A P21 requested in writing, by phone or by calling into a local office is not as quick as the online request and there may be some delay during peak periods.

It is essential that if you are applying for a P21 now that you indicate that it is required urgently for the purposes of a grant as the deadline is fast approaching.

For any further information contact us on 021 4810080.

Source information www.revenue.ie