420,000 people will get tax bills tomorrow for receiving Covid subsidy
71% of those in receipt of the Temporary Wage Subsidy Scheme and 33% of those on the Pandemic Unemployment Payment underpaid tax will receive a bill.
80% of taxpayers’ statements are balanced, overpaid or underpaid while 706,000 taxpayers are due a refund.
In total, over 600,000 people underpaid income tax or universal social charge in 2020, partly due to the TWSS and PUP payments were not taxed at source.
From tomorrow, all PAYE taxpayers will have access to their Preliminary End of Year Statement through MyAccount on the Revenue website.
Photo by Markus Spiske on Unsplash
