Today the tax day - revenue.

magoo84 wrote: »

Anyone else still seeing "We are processing your most recent request. Your Statement of Liability will be available after 15th January." ? It's quite a strange way of phrasing it and clearly not correct.

Now it's saying "We are processing your most recent request. Your Statement of Liability will be available shortly." Revenue clearly like keep people in suspense.

Aurelian wrote: »

Its almost like the TWSS was a temporary loan you now have to pay back.

Yeah, a loan to the employer which his employees now have to pay back.

It's crystal clear - the employer hasn't paid out the agreed gross salary in the employment contract.

For anyone in a rush to find out and its not available, you should be able to work it out handy enough.
Your 2020 employment details summary is available on revenue my account showing what tax you paid last year.
Then go on to a tax calculator online, Google deloitte tax calculator, its a good one.
The tax calculator will show what tax you should have paid normally.
Then subtract one from the other.
I did this, I owe about 800 euro, forget the exact figure.
I'm just going to pay it back through reduced tax credits, 4 euro a week for 200 weeks.

kazamo wrote: »

The employee didn’t receive an extra 1,700 last year into their bank account.

The scheme enabled the employer to pay as little as possible from the 28th March to the 31st August to the employee.
And now any claw back comes out of the employee while the employer benefitted regardless of circumstances.

TWSS should have been taxable from day one, they knew it was a problem in Revenue when they switched everyone to Week1/Month1 in June.
Instead of not making the a bad situation worse, they let the tax liabilities mount for a further few months.
But hey, what’s the problem, it didn’t affect them.

I'm not disputing that. Employers have completely benefited from this. My point is that I'm not sure what good it is having a discussion with your employer or boss now. Sure, you can make them feel bad by telling them you have a huge tax bill, but I don't see them helping in any way. Maybe a bonus to the amount of tax you now owe but I really don't see that happening. Don't get me wrong, I've been shafted too, and I think employers could have let their employees know this was going to happen eventually.

kazamo wrote: »

The employee didn’t receive an extra 1,700 last year into their bank account.

The scheme enabled the employer to pay as little as possible from the 28th March to the 31st August to the employee.
And now any claw back comes out of the employee while the employer benefitted regardless of circumstances.

TWSS should have been taxable from day one, they knew it was a problem in Revenue when they switched everyone to Week1/Month1 in June.
Instead of not making the a bad situation worse, they let the tax liabilities mount for a further few months.
But hey, what’s the problem, it didn’t affect them.

Not the case, minimum 25% reduction in turnover it says on website

How long does it take to be available to view the Statement of Liability? I submitted it a night or two ago. It's showing as available but when I click it it reverts and says check again later

Foweva Awone wrote: »

Mines available only since this morning, wasn't there last night. So worth checking again, anyone who's waiting on it. (Didn't receive an email BTW.)

Thanks for posting, I wouldn't have bothered checking mine today otherwise. Payment due back to me, happy days

Can anyone tell me if the TWSS and PUP has the tax deducted before you receive it now.

When I view the Statement of Liability for myself and my husband it shows 0.00 for TWSS. My husband's employer used this for a couple of months, is the 0.00 an error on the part of payroll or Revenue?

I have an overpayment of 1200 which is due to be refunded to me but I don't want to submit the review if it's going to come back to bite us. Is he best to raise it with payroll?

sheroman01 wrote: »

I'm not disputing that. Employers have completely benefited from this. My point is that I'm not sure what good it is having a discussion with your employer or boss now. Sure, you can make them feel bad by telling them you have a huge tax bill, but I don't see them helping in any way. Maybe a bonus to the amount of tax you now owe but I really don't see that happening. Don't get me wrong, I've been shafted too, and I think employers could have let their employees know this was going to happen eventually.

I had a discussion with my employer about it before Christmas.
Response was, you won’t even notice it coming out of your wages each week over the four years.
I had a good idea of my liability but my employer couldn’t care less.
He was extremely disappointed when the scheme ended and we hadn’t any hope in qualifying for EWSS.

This was a badly designed scheme and it wasn’t hard for the vast majority of businesses to show the 25% drop in Turnover between Q1 and Q2.

Revenue should have prevented businesses to continue claiming from June if
- Turnover for Q3 was higher or likely to be higher than Q1 or
- hiring significant numbers of new staff while still claiming TWSS

We did both of the above.

So Labour want these tax bills scrapped?
https://www.independent.ie/irish-news/news/finance-minister-urged-to-axe-covid-related-tax-bills-as-revenue-seeks-458m-in-unpaid-tax-39976296.html

They want to hand people €350 per week tax free?

If it does happen, some people won't want to go back to work!

NIMAN wrote: »

So Labour want these tax bills scrapped?
https://www.independent.ie/irish-news/news/finance-minister-urged-to-axe-covid-related-tax-bills-as-revenue-seeks-458m-in-unpaid-tax-39976296.html

They want to hand people €350 per week tax free?

If it does happen, some people won't want to go back to work!

I think a differentiation should be made for those who continued to work as normal for less income. Fair enough if you were on short time or not at work at all, of course you wouldn't expect to have the same income. However, if you were still expected to come to work through all the fear and uncertainty of last year to keep your employer's business going, why should you be penalised and the employer benefit?

Siobh73 wrote: »

I think a differentiation should be made for those who continued to work as normal for less income. Fair enough if you were on short time or not at work at all, of course you wouldn't expect to have the same income. However, if you were still expected to come to work through all the fear and uncertainty of last year to keep your employer's business going, why should you be penalised and the employer benefit?

That's the nub of the problem. I know in my brother's company they had to account for each hour working from home with regular conference calls on what could be done to keep everyone productive. All the while the company was getting practically free labour while providing a service classed as essential.

Aurelian wrote: »

Was there a salary cap on eligibility for who could receive the TWSS? If you earned 80k for example could you still receive it?

Yes the cap was 960 a week net pay