While expected tax liability should be modest in most cases for recipients of TWSS & PUP, today’s decision welcome nonetheless. We will continue to work to minimise financial hardship, to the greatest extent possible, on taxpayers challenged by #COVID19 https://t.co/Hn4tOmbqoJ pic.twitter.com/HSypO7iXjY
— Paschal Donohoe (@Paschald) September 25, 2020
The Department of the Taoiseach, Merrion Street, Dublin 2.
Minister for Finance, Paschal Donohoe TD provided an update on the Employment Wage Subsidy Scheme, and announced details of the taxation of amounts received by employees under the Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment.
what is the Legal basis for Revenue to tax PUP paid prior to 1 August 2020 ? given that Prior to that date, PUP was paid under S202 of the SWCA 2005 as an ‘Urgent Needs Payment’. Urgent payment are not libel for tax…
— mangles🤪 (@bamboozled19) September 25, 2020