State owes PAYE workers €3bn in overpaid tax, says FG

TAXPAYERS could be owed up to €3 billion in overpaid taxes by Revenue, it was claimed yesterday.

Fine Gael said it had uncovered Revenue figures which showed the true extent to which PAYE taxpayers had been “short-changed” by the State.

According to the party, only 17% of taxpayers sought balancing statements from the Revue on their tax liability in 2003. Over three-quarters of that group were found to be entitled to a refund for overpayment of tax amounting to over €300 million.