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EWSS affecting my tax paid in 2020

melkat · 2022-01-26 19:46:51

I underpaid tax in 2020 by over 1300€. My previous employer used EWSS help during the pandemic. As my salary was only €32500 per annum, it seems crazy that my tax underpayment is so high?! Would this be accurate?

26-01-2022 7:46pm

#1

melkat

Registered Users, Registered Users 2 Posts: 27 ✭

Join Date: March 2015

Posts: 6

I underpaid tax in 2020 by over 1300€. My previous employer used EWSS help during the pandemic. As my salary was only €32500 per annum, it seems crazy that my tax underpayment is so high?!
Would this be accurate?

0

Answers

#2 26-01-2022 8:14pm

ari101

Registered Users, Registered Users 2 Posts: 2,835 ✭✭✭

Join Date: July 2009

Posts: 2813

Seems reasonable for TWSS (EWSS does not effect employees). Assuming 32.5k was your contract salary, you were probably paying tax at lower rate, so 28.5% payable (20+4+4.5) on the upper part of your earnings. You only need to have received ~4.5k in subsidy to generate a tax bill at that rate. Not counting that week 1/month1 basis was applied from June to complicate matters. A lot of assumptions but you should be able to tell if it is reasonable.

1