Taxation of payments received under the Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment Most income is liable to income tax and USC (Universal Social Charge) and is deducted in real-time when an employee is paid by their employer. However, TWSS and PUP payments were not taxed in real-time and instead are liable to income…
Tax Debt Warehousing for 2019 Income tax bills Under the recent budget, the tax debt warehousing scheme will be extended to include TWSS repayments owed by employers. The tax debt warehousing scheme will also be extended to include the balance of tax due for 2019 and preliminary tax due for 2020 for self-employed individuals in…
Tax relief for foreign language and IT course You can claim tax relief on fees that you pay for certain courses in foreign language and information technology (IT). You may be the student, or you may pay the fees on behalf of another person. To qualify for relief, your course must be: a foreign…
