Time running out to claim tax refund bonanza

PAYE taxpayers have been warned not to miss out on millions of euro in tax refunds before the end of the month.

New tax rules which take effect on New Year’s Day mean many taxpayers, who are entitled to refunds for medical and other qualifying expenses, will no longer be able to get their hands on money due to them.

Taxpayers need to move quickly to get refund claims in before December 31, the group representing tax advisors said yesterday.