Coronavirus Ireland business News Coronavirus Ireland

420,000 workers to receive tax bills for Covid payments

Around 420,000 people will be issued tax bills tomorrow, as a result of payments they received under the two main Covid subsidy schemes last year.

71% of those in receipt of the Temporary Wage Subsidy Scheme and 33% of those on the Pandemic Unemployment Payment underpaid tax - and will receive a bill.

Overall, the data released by Revenue this evening shows that 80% of taxpayers' statements are balanced, overpaid or underpaid by less than €200, while 706,000 taxpayers are due a refund.

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