Author Topic: How many got knocked off the 350 ?  (Read 3644 times)

Online Punter

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How many got knocked off the 350 ?
« on: July 08, 2020, 05:22:43 pm »
I did --and my return for 2018 showed far more than the permitted earnings for 2018---

Offline Shallowhal

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Re: How many got knocked off the 350 ?
« Reply #1 on: July 08, 2020, 05:23:50 pm »
Was that from this week....did they inform you?

john m

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Re: How many got knocked off the 350 ?
« Reply #2 on: July 08, 2020, 05:25:37 pm »
Did you re register ?

Offline Theoneandonly

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Re: How many got knocked off the 350 ?
« Reply #3 on: July 08, 2020, 05:26:18 pm »
If you were knocked off completely maybe you didn't fill out the eligibility form?
If you were dropped to €203 it was because after deductions you earned less than €200, however it looks as though that's going to be looked at for the self employed

Offline Shallowhal

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Re: How many got knocked off the 350 ?
« Reply #4 on: July 08, 2020, 05:28:28 pm »
Eligibility e-form to be filled in and submitted by July 13th.

Offline watty

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Re: How many got knocked off the 350 ?
« Reply #5 on: July 08, 2020, 05:35:07 pm »
SW looked at your 2018 returns and from 30th June (?), you stayed on the €350 or got bumped down to €203.  So we all saw the result yesterday, 7th July.  I got the €350.

If you were knocked off completely maybe you didn't fill out the eligibility form?
If you were dropped to €203 it was because after deductions you earned less than €200, however it looks as though that's going to be looked at for the self employed
I think you have until Mon, 13th July, to confirm you'll stay on the €350/€203 scheme (if we're both thinking about the same thing).

Online Punter

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Re: How many got knocked off the 350 ?
« Reply #6 on: July 08, 2020, 06:03:01 pm »
I got downgraded to 203 ,bought a new car in 2018 so 40% right down left me in a reclaim situation with Revenue- but I returned them far more than 11k--I did reregister to stay on payment--reports say 100k knocked down to 203--Boyd Barrett was on Newstalk saying he was inundated with constituents complaining --taxi drivers in the main !

john m

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Re: How many got knocked off the 350 ?
« Reply #7 on: July 08, 2020, 06:06:14 pm »
So you didnt get knocked off you got reassed ?

Online Punter

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Re: How many got knocked off the 350 ?
« Reply #8 on: July 08, 2020, 06:09:34 pm »
Yes

Offline Shallowhal

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Re: How many got knocked off the 350 ?
« Reply #9 on: July 08, 2020, 06:13:00 pm »
He got reassed alri John...

Offline Theoneandonly

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Re: How many got knocked off the 350 ?
« Reply #10 on: July 08, 2020, 06:50:48 pm »
I got downgraded to 203 ,bought a new car in 2018 so 40% right down left me in a reclaim situation with Revenue- but I returned them far more than 11k--I did reregister to stay on payment--reports say 100k knocked down to 203--Boyd Barrett was on Newstalk saying he was inundated with constituents complaining --taxi drivers in the main !

A simplistic explanation:
Lets say you said you made12 grand profit in 2018
Then claimed 10 grand write down (40%) on a 25 grand vehicle.
As far as welfare is concerned your "pay" was 2 grand for the year

Government seemingly realise this is an issue and are re- considering, currently the solution seems to be getting your accountant to send accounts for this year proving your earnings are higher

Offline Rat Catcher

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Re: How many got knocked off the 350 ?
« Reply #11 on: July 08, 2020, 07:05:26 pm »
You don't have to claim accelerated depreciation. Depending on how long you intend to keep the car straight line could suit better. I wonder what Revenue/Welfare would do if you logged into ROS and amended your return to straight line citing an EOD as not working full time hence not entitled to consistently apply accelerated methodology consistently through the asset's intended lifespan.

Offline Shallowhal

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Re: How many got knocked off the 350 ?
« Reply #12 on: July 08, 2020, 07:08:44 pm »
I always claimed straight line.

Offline Rat Catcher

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Re: How many got knocked off the 350 ?
« Reply #13 on: July 08, 2020, 08:30:50 pm »
I got downgraded to 203 ,bought a new car in 2018 so 40% right down left me in a reclaim situation with Revenue- but I returned them far more than 11k--I did reregister to stay on payment--reports say 100k knocked down to 203--Boyd Barrett was on Newstalk saying he was inundated with constituents complaining --taxi drivers in the main !

Fair play to Richard Boyd Barrett... I hope taxi drivers will remember the time and effort he has put into supporting our trade when he's on the campaign trail.

Offline Justin Time

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Re: How many got knocked off the 350 ?
« Reply #14 on: July 08, 2020, 08:44:24 pm »
I got downgraded to 203 ,bought a new car in 2018 so 40% right down left me in a reclaim situation with Revenue- but I returned them far more than 11k--I did reregister to stay on payment--reports say 100k knocked down to 203--Boyd Barrett was on Newstalk saying he was inundated with constituents complaining --taxi drivers in the main !

Fair play to Richard Boyd Barrett... I hope taxi drivers will remember the time and effort he has put into supporting our trade when he's on the campaign trail.

He always supported the taxi business. He was one of the very very few politicians who marched with us and spoke at meetings.

 


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