Almost 300,000 workers face paying up to €2,500 each in back tax from January because they received PUP and other payments during the pandemic.
Accountants are being contacted by “terrified” workers who didn’t know they were liable for this tax but have been notified by Revenue in the past two weeks. If they don’t come up with a plan to repay the back tax it could begin to be deducted from their salary from the start of the New Year.
It has emerged that almost 280,000 people have yet to contact the Revenue to organise a payment plan for their tax due. If they fail to do this they will face an automatic tax credit reduction.
