Students face tax clawback on €250 Covid-19 grant
The Revenue has revealed that the credit can reduce relief claimed on student fees
Tens of thousands of college students are at risk of a €50 tax clawback on their €250 Covid-19 compensation credit, it has emerged.
The one-off sum was given to students to make up for the upheaval of being forced to study at home due to the shut down of college campuses during the pandemic.
However, it has emerged now that the Revenue considers the credit to be a taxable payment and that it can reduce...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Analysis: Foley’s description of the hybrid Leaving Cert as ‘fair’ is very much open to question
This year’s exam offers an opportunity for some canny students, puts pressure on teachers and could intensify the points race — but are there any viable alternatives?
Lucinda Creighton: This is no way for children to live. School shutdown is immoral and without scientific basis
Our knowledge of the coronavirus may have increased exponentially over the last 12 months, but we have clearly learned nothing in our response to it
Varadkar promises parents ‘clear message’ on schools in coming days
Tánaiste says Nphet advocated a ‘very gradual approach’ to children returning to the classroom
Malcolm Byrne: Algorithms can do more harm than good if not checked for bias
The design of the predicted grade system for the Leaving Cert must be fair, transparent and explained in detail – a rule the state should apply to all algorithmic decision-making
