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Tax bills for people who received wage subsidy during 2020 on their way next week

Jan 6, 2021 13:55 By Shannonside News
Tax bills for people who received wage subsidy during 2020 on their way next week
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Thousands of workers who received State wage subsidies during 2020 will be receive details of their tax bill next week. Some employees who were on

Thousands of workers who received State wage subsidies during 2020 will be receive details of their tax bill next week.

Some employees who were on the Temporary Wage Subsidy Scheme and the Pandemic Unemployment Payment could face Revenue bills of more than 1,000 euro.

People will be informed next week about how much they owe in tax, if they were on the Temporary Wage Subsidy Scheme or the PUP last year.

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Norah Collender, from chartered accountants Ireland, says workers weren't taxed at the time due to the emergency nature of the situation.

It doesn't have to be paid in full up front - there's an option for it to be collected over a period of four years, from 2022, via a reduction of tax credits.

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