Revenue has published a range of statistics on PAYE for 2023. These statistics show that over 472,000 PAYE Income Tax Returns have been processed for 2023, an increase of almost 30% on the same period last year.

Revenue Commissioner, Ruth Kennedy; Minister for Finance, Michael McGrath T.D,; and Aisling Ní Mhaoileoin, Revenue’s National PAYE Manager.

Approximately 275,000 of the returns filed to date resulted in an overpayment of tax. Among the key tax credits and reliefs claimed by PAYE taxpayers are the rent tax credit and health expenses. The facility for PAYE taxpayers to claim the 2023 mortgage interest tax credit will be available from next week.

Revenue, in conjunction with the Minister for Finance, Michael McGrath T.D., today launched a public information campaign to raise awareness among PAYE taxpayers about the range of tax credits and reliefs available, and how they can claim those credits and reliefs. The campaign also reminds PAYE taxpayers that they need to tell Revenue about any additional income which has been earned outside the PAYE system.

Welcoming the launch of this information campaign, Minister McGrath said: “Since 1 January 2024, €203 million has already been refunded to individuals’ bank accounts as a result of the 2023 returns filed by PAYE taxpayers to date, but Revenue records indicate that a further €480 million may have been overpaid during the year.
I therefore encourage all PAYE taxpayers to log on to Revenue’s myAccount service to finalise their tax position as soon as they can, to ensure that they have claimed all tax credits and reliefs they are entitled to and receive any refund they are due.”

Speaking about the steps that PAYE taxpayers should take to finalise their tax position, Aisling Ní Mhaoileoin, Revenue’s National PAYE Manager, said:
“The first step in this process is for taxpayers to review their Preliminary End of Year Statement (PEOYS), which is easily accessible in myAccount. This statement sets out the provisional tax position for the year, based on information available to Revenue. PAYE taxpayers can then simply file a PAYE Income Tax Return to claim any additional credits or reliefs they are entitled to, and receive any refund they are due.

We use all the information available to us to pre-populate returns and therefore, for the vast majority of PAYE taxpayers, filing a return is straightforward and PAYE taxpayers can complete the process themselves through Revenue’s myAccount service – it’s quick, it’s easy and it’s free. Taxpayers can also use this service to declare any additional income they have earned outside the PAYE system or make other changes to the information on their Revenue record. If Revenue owes you money, you’ll get a refund into your bank account within days. If you owe Revenue money, we’ll work with you to find a suitable payment option.”

Detailed guidance, including step-by-step videos, on how to review a PEOYS and submit a PAYE Income Tax Return through myAccount is available on Revenue’s website and is accessible here. Detailed information on the wide range of tax credits and reliefs available, and eligibility criteria for same, is also available on the Revenue website.
PAYE Income Tax Returns – Preliminary Statistics