News
Updates on COVID-19 Temporary Wages Subsidy Scheme.
Library of Knowledge No. 23
Our clients should all take note of the amendments to the COVID-19 Temporary Wage Subsidy Scheme:
Re: Extension.
The Government recently announced the COVID-19 Temporary Wage Subsidy Scheme will remain in place until the end of August ’20. Further updates will be advised.
Re: Widened.
The scheme has also been widened to include employees returning to work from (i) Maternity leave; (ii) Adoptive leave; (iii) Paternity leave; (iv) Parental leave; (v) Related unpaid leave; or (vi) Receiving Health and Safety Benefit, Parent’s Benefit or Illness Benefit for the month of February.
Where the employee originally did not qualify for the scheme as they were excluded on the payroll at 29th February 2020, this has now been rectified and applications will now be considered and payments will be back dated.
See Link: https://www.revenue.ie/en/employing-people/documents/pmod-topics/guidance-on-operation-of-twss.pdf
Re: Employers Eligibility and Supporting Proofs.
We wish to advise regarding a document issued by Revenue on the 20th April ’20, which outlines the supporting proofs to avail of the scheme.
These records and documents should be carefully saved to present to Revenue should they decide, sometime in the future to verify your eligibility.
Kindly read through and be proactive in completing your relevant proofs.
Re: Timely Exit.
It may take some time for your business to be re-established and for your turnover to stabilise.
Please Note: As soon as your turnover recovers and is identified as being less than 25% of pre COVID-19 turnover you will then be required to exit from the COVID-19 Temporary Wages Subsidy Scheme.
Stay safe and well.
