Workers drawing down the special pandemic unemployment payment or the temporary wage subsidy face tax bills of up to €2,800 at the end of the year, according to calculations from personal finance advisers.
That is on top of the loss in income running into thousands of euro for many workers as the weekly payment is below their normal take -home pay.
And most are not aware of it, the company says. It warns that January could see more than one million people who are in receipt either of the unemployment payment or the temporary wage subsidy “scrambling to balance their tax affairs”.
*And the self employed will have scant expenses or capital write offs to reduce their tax bills, according to one taxi driver who knows fuck all about this stuff*.
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