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Thousands of workers in line for tax refund of around €880

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PAYE workers could be in line for a windfall average of €880 by simply submitting their tax refund applications for the Irish tax year that ended on December 31.

Tax professionals taxback.com say that their current average tax refund is €880 for a PAYE worker – but because the Government has gnawed away at various tax reliefs over the last few years, they expect that average to drop as the years go on.

“With the austerity Budgets over the last few years, it’s obvious that people are paying more tax than they were five years ago. This should really bring it home to people that they absolutely should claim back their entitlements,” said Christine Kiely of www.taxback.com

Taxback.com say that although there have been a variety of cuts to tax reliefs in recent years many people are unaware of the fact that you can still reclaim tax as far back as 2010 when the tax reliefs were perhaps more generous.

 “There is still a long list of tax reliefs available to people that could result in savings of hundreds of Euro but many of these go unclaimed every year either due to a lack of awareness or apathy.

“A lot of people still find applying for a tax refund confusing or complicated, resulting in them paying more tax than is necessary and losing out on entitlements.

“Revenue has made attempts to educate taxpayers as to their entitlements regarding tax credits and reliefs. However, despite this we believe that there are still millions of euro going unclaimed each year,” she added.

Taxback.com say that three main reliefs that have been changed in the last few years – but can still be claimed for.

While the rate at which tax relief can be claimed on medical expenses has been slashed from 41% back in 2008 to 20%, the relief is still available and can be claimed on most medical expenses incurred and on qualifying non-routine dental expenses.

For more, read this week’s Connacht Tribune.

Connacht Tribune

GMIT’s new Head of its Business School

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Dr George Onofrei, Head of the GMIT School of Business.

GMIT has announced the appointment of Dr George Onofrei as the new Head of its School of Business, commencing this month.

Prior to joining GMIT, Dr Onofrei was Senior Lecturer in Strategic Development in Letterkenny Institute of Technology.

He has over 15 years’ experience in academia as well as considerable industry practice within the automotive, food and retail sector. He brings experience and a proven track record of success in the development of new programmes at undergraduate and postgraduate level.

“I look forward to continuing the development of new programmes and creating new opportunities within the School of Business working with both staff and industry partners,” said Dr Onofrei.

He succeeds Professor Graham Heaslip who was appointed Head of the GMIT School of Engineering, following Gerard MacMichael’s retirement.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

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The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

Corrib Oil’s national expansion

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Eugene Dalton...expansion.

Galway-headquartered Corrib Oil, one of Ireland’s leading service station and oil distribution providers has entered an agreement to acquire H2 Group.

While subject to approval by the competition regulator, this deal will see Corrib Oil acquire 13 high quality retail sites based across the south and east of Ireland, expanding the Corrib Retail footprint to 33 stores in total.

It means Corrib Oil will operate across 54 sites in 16 counties, employing over 1,000 people.

The new sites are located in Kerry; Kildare; Limerick; Tipperary; Dublin; Laois, Offaly and Cork.

Established in 1987, Corrib Oil employs 700 people across 14 counties in the West, Midlands and South.

The company, which was founded in Claremorris, is headquartered in Parkmore on the east side of Galway city. It operates two distinct divisions, Corrib Retail and Corrib Distribution.

Corrib Retail currently operates 20 convenience stores with forecourts; while Corrib Distribution, a leading distributor of heating oils and fuel, operates through 21 depots across 14 counties.

Having maintained a 22-year relationship with BWG Foods, all Corrib Retail convenience stores are branded as Spar, while all forecourts are branded Circle K or Texaco, with instore partners including Insomnia and Chopped.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

New course helps make sense of Artificial Intelligence and its uses

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Managers in Galway companies who would like to learn how they could put artificial intelligence (AI) to work for their organisations are being encouraged to sign up for a new course.

It comes as research found that 50% of organisations around the world have adopted AI in at least one function, while 79% of organisations are also exploring or piloting AI projects.

Of those companies who have implemented AI, 63% report revenue increases in the relevant business units.

The new Artificial Intelligence for Managers postgraduate certificate is being offered by NUI Galway to those who wish to get a better understanding of AI and its implications for business and enterprises.

Participants do not need to have any coding skills; this non-technical programme will focus instead on the strategic use of AI and how businesses and management can approach the practical implementation of AI technologies within their company. Candidates will learn about the practicalities necessary for successful AI adoption including data and skills requirements, ethics and legal issues. As such the programme would suit those in management positions in sectors like telecommunications, manufacturing, pharmaceutical, biomedical, finance, marketing, automotive and more.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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