Is The Pandemic Unemployment Payment Taxable? Yes, Revenue has confirmed that it will treat the PUP Pandemic Unemployment Payment as taxable income . Jobseekers Benefit is taxable and has been for years. We expect the taxation of the Covid unemployment payment to be done in a similar way. PUP is NOT liable to USC or […]
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Arrears of Pandemic Unemployment Payment are Expected To Be Paid to Majority of Claimants in early December. Since the start of the Pandemic Unemployment Payment in March, no one has been paid any arrears. If a claim was delayed in getting paid – then no backdating was included with the first payment for anyone.But – […]
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PUP Rates Changed Again from October 16th From October 16th – a new PUP rate of €350 a week was re-introduced. This will be paid to anyone who was previously earning more than €400 a week. Back on Sept 17th the €350 PUP flat weekly rate was reduced to €300 . This amount was due […]
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Back in July, as part of a Stimulus Plan , the government announced the “Stay and Spend” Incentive Scheme. The stay and spend incentive is an income tax credit that can be claimed on expenditure on accommodation, food and non-alcoholic drinks. It applies to spending between 1st October 2020 and 30th April 2021. Taxpayers can […]
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Revenue has always stated that the Covid Wage Subsidy will be subject to USC and Income Tax eventually – but not while it is being paid out. Employees will be liable for any tax on the subsidy amount by way of review at the end of the tax year. (There will also be Tax due […]
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