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Page 12 - தற்காலிகமானது ஊதியம் மானியம் திட்டம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tax bills being sent to those who take Covid assistance

Revenue site crashes as thousands seek details on Covid tax payments

Over 130,000 People To Receive Tax Bills Of Over €1,000 Today

Over 132,000 households face tax bills of €1,000 or more for coronavirus supports

Tens of thousands of households who received coronavirus supports will receive tax bills today. Households do not have to pay the tax immediately, with Revenue aiming to collect it interest-free over a four-year period. The payments will be taken via tax credits beginning in 2022. The Pandemic Unemployment Payment (PUP) and wage subsidy schemes were not taxed in real time, with the Government agreeing late last year to tax them retrospectively. According to figures released by Revenue last night, some 420,000 taxpayer units (single workers or jointly-assessed couples) who received pandemic payments will receive a tax bill. Some 132,300 of these will receive bills totaling €1,000 or more.

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