The Average Tax Refund Claimed By Irish People Last Year Has Been Revealed

The average Irish person claimed somewhere in the vicinity of €980 in tax refunds in the last year, according to a recent customer index by Taxback.com.

The index went on to reveal that the average refund for Irish men over a 12-month period was €1,028, while the average refund claimed by women was €932 - averaging a 10% difference.

Taxback.com also found that the average refund increased significantly amongst the older generations in Ireland; with people aged 65+ claiming an average of €2,072.93 compared to an average of €877.54 claimed by those in the 25-34 bracket.

Commenting on the data in the index, Barry Flanagan, Senior Tax Manager of Taxback.com stated:

“We always like to keep abreast of trends and consumer sentiment in our industry so who better to go to for this info than our own customers?''

“With this in mind we ran a 12 month analysis (2016 – 2017 to date) of our customers to look at current trends in both the age and gender of claimants. We found that the under 45s account for a whopping 74% of all refunds, with the 25 – 34 age group emerging as the most likely to apply – accounting for 42% of all applications”.

Regarding the gap in the size of the refunds claimed by both men and women in Ireland, Flanagan noted the gender pay gap and the large number of women currently working part-time in Ireland.

“In Ireland, as of Q1 2017, women made up 46% of the workforce in employment – and they make up 43% of our applicants. Interestingly, the average refund for men was 10% greater than that of their female counterparts (€1028 vs €932). There could be a variety of reasons for this – the gender pay gap is one that springs to mind.''

“However, the ratio of females to males in part-time work could also come into play. There are currently 307,900 women working part time in Ireland, while there are just 132,700 men in the same position.”