Coronavirus: Over 1m workers may face tax bills of up to €2,800 at end of the year
Those in receipt of Covid-19 payments will face substantial bills, says Taxback.com
Taxback.com notes that loss of income would range from €150 over the full year for a retail worker earning €23,000 gross to €16,500 for a business executive on a salary of €115,000.
*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 Taxback. com.
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.