Making Cents: Will I get a big tax bill today? 

If you were in receipt of Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment, here's how to find out if you owe Revenue money

On Friday January 15, Revenue made Preliminary End of Year Statements available to PAYE taxpayers, setting out their provisional tax position for 2020. For taxpayers who were in receipt of either Temporary Wage Subsidy Scheme (TWSS) payments and/or Pandemic Unemployment Payment (PUP), this statement advises them if they are in the position of having underpaid tax and/or USC and by how much. According to Revenue statistics, approximately 27% of taxpayers are in this position.

Mr. Declan Rigney, head of Revenue’s Personal Division, is keen to reassure taxpayers that they will be able to clear any tax liability over an extended period of time.