Revenue are 'well within their rights to do this', one tax expert said.
Revenue Commissioners is using the Rent Tax Credit to pay off tax bills accrued as a result of Government schemes during the COVID-19 pandemic,In 2020, the Government introduced the Pandemic Unemployment Payment and the Temporary Wage Subsidy Scheme to assist workers and businesses which were severely impacted by lockdowns.It has led to many workers facing tax bills, which Revenue said could be paid off over a four-year period.
“Where a refund is due, this will be processed within three to five working day to the bank account details that are on the individual’s Revenue record. “I think a lot of people were nervous about these crazy tax bills coming in after COVID, and some are perhaps confused by it all. “There is a process in place in relation to how payments made during the pandemic are dealt with,” he said.
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