An income tax liability builds up for those getting the Pandemic Unemployment Payment, but USC is not due. Stock ImagePEOPLE on pandemic State supports will be hit by big income tax bills, a representative body for accountants has warned. Someone receiving the €350-a-week payment under the wage subsidy scheme will have received a total of €7,700 over a 22-week period. Read MoreAn income tax liability builds up for those getting the Pandemic Unemployment Payment, but USC is not due. The Consultative Committee of Accountancy Bodies, an umbrella body for accountancy bodies, wants the tax bills on these payments to be spread over four years.

Source: Irish Independent July 13, 2020 13:30 UTC