Dec 2013
29
Payroll Tax Tip - December 2013
Tax Relief for Medical Expenses
Employees don’t forget to claim tax relief on medical expenses!!!!
Time Limit
A claim for tax relief must be made within 4 years after the end of the tax year to which the claim relates. Therefore to claim for 2009 you must submit your claim by the 31st of December 2013.
General Information
Tax Relief may be claimed in respect of certain medical expenses paid by you.
You cannot claim tax relief for any expenditure which:
- has been or will be reimbursed by another body such as VHI, Laya Healthcare, Hibernian Aviva Health, the Health Service Executive or any other body or person
- has been or will be the subject of a compensation payment
- relates to routine dental and ophthalmic care
You may claim relief in respect of any qualifying expenses paid by you in respect of any individual.
Tax Rate
Relief is allowed at the standard rate of tax (20%) with the exception of nursing home expenditure which is allowed at the higher tax rate (41%), if applicable.
Methods of Claiming
- online via Revenue’s PAYE Anytime Service
- completing Form Med 1 and submitting it to your local Revenue Office
- if you use a Form 11 to make a tax return enter the amount of health expenses claim at Panel 1
If the claim includes non routine dental expenses you must obtain a form Med 2, this must be signed and certified by the dental practitioner.
There is no need to send receipts backing up the claim but you need to retain all receipts for a period of 6 years as the claim may be selected for detailed examination in the future.
Full details can be found on Revenue’s website
http://www.revenue.ie/en/tax/it/leaflets/it6.html#section1
