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Explainer: Why are so many workers facing tax bills for 2020?

Unemployment falls slightly to 20 4% in December before latest lockdown

Unemployment falls slightly to 20.4% in December before latest lockdown Extra.ie 06/01/2021 © Provided by Extra.ie Ireland experienced a net increase in unemployment of 62,800 last year as COVID-19 devastated the domestic economy, according to the latest figures from the Central Statistics Office (CSO). There are now 179,400 people unemployed in Ireland, excluding claimants of the Pandemic Unemployment Payment (PUP), compared to 116,600 this time last year. The traditional seasonally adjusted unemployment rate dipped slightly from 7.3% to 7.2% in December as 3,900 people rejoined the workforce, but the current rate is still 2.5 percentage points high than it was at the end of 2019 (4.7%). © Provided by Extra.ie

Coronavirus PUP: Government rewound the clock to tax people - Doherty

Share this article Sinn Féin claims the Government rewound the clock on parts of the Pandemic Unemployment Payment (PUP) to make it tax-payable. The party s finance spokesperson, Pearse Doherty, says PUP payments from March to August last year were legally tax exempt. For one of these payments for a portion of the year last year, from March to August, the PUP under law was tax exempt. What the Government did was they rewound the clock - they did something that was never done before in the history of tax legislation - and that is they retrospectively taxed it . He said this means some people will be getting bills for up to €1,400.

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

Tax bills for people who received wage subsidy during 2020 on their way next week
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Received the PUP or the Covid wage subsidy? Next week, you ll find out what income tax you owe

); Received the PUP or the Covid wage subsidy? Next week, you ll find out what income tax you owe Here’s a quick guide to how the process will work. By Ian Curran Wednesday 6 Jan 2021, 3:54 PM Jan 6th 2021, 3:54 PM 234,054 Views 62 Comments IT’S BEEN FLAGGED for months but if you received payments under the Government’s Covid income support schemes in 2020, you’ll soon receive some clarity about how much income tax you owe for last year. The Revenue Commissioners have confirmed that, as is always the case in January, preliminary statements of liability for 2020 will be available to all PAYE workers from next Friday, 15 January.

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