Page 2 - Year Statement News Today

EXPLAINER: Will you be getting a tax bill or a refund from Revenue due to Covid payments Reporter: 15 Jan 2021 );  ); Revenue has published provisional statistics in relation to the preliminary end of year tax position for all PAYE taxpayers for the year 2020 It reveals that 43% had a balanced position, meaning they paid the right amount of tax while 30% overpaid tax and/or USC totalling €436m but 27% underpaid tax and/or USC totalling €458m. According to Revenue, provisional data also i...

Revenue has appealed to people who are trying to access their preliminary end of year statement to be patient, after some users reported that its online system had slowed to a crawl. Revenue Assistant Secretary in the Personal Taxes Division, Declan Rigney, said the volume of users attempting to access the Revenue Online System was causing the delays. He added that this is not an issue that there is a deadline on and people should remember that they can access the information over the weekend o...

Thousands of PUP and TWSS recipients will receive a tax bill from Revenue this week

The payment was put on a statutory footing in August and, like other core social-welfare payments, was made liable for income tax. But the decision to apply this retrospectively between March and August has been heavily criticised, including by the Free Legal Advice Centre, which has questioned whether the move is constitutional. Q: How much is owed for those who were on the wage subsidy scheme? Consumer tax manager with Taxback.com, Marian Ryan, said the amount owed will vary from person to pe...