Statement of Liability for 2024 Explained

A Statement of Liability is the new name for the Revenue statement that was previously called a P21 balancing statement. A Statement of Liability is a statement of total income, tax credits and tax paid for a particular tax year for people in paid employment who pay all of their income tax under PAYE (Pay As You Earn). You do not automatically receive a Statement of Liability from Revenue so you must request this document. This video brings you through each step of the process from the request to the full explanations as to what is contained in each panel or section.

[@roncymackwindsouza9795]

I have Refunds Received 744 Euros under Panel 7B Adjustments. May I know what this means?

[@PayrollMattersInIreland]

7B increases the amount of tax payable. The video suggests that if you have a question about 7a or 7 b or any other panel you should contact Revenue