Employer Eligibility Review for Temporary Wage Subsidy Scheme

Now as we move into Quarter 3, Revenue are advising employers to re-evaluate their eligibility for the TWSS still meets the criteria required.;

• Employers have suffered at least a 25% reduction in turnover as a result of the pandemic
• Employees were included on the employer’s payroll on 29 February 2020 and
• Employers filed their February 2020 payroll submission before 1 April 2020.

Employers entered into the Temporary Wage Subsidy Scheme on a self-assessment basis if they were expecting or experiencing a decline in turnover or business.

Revenue are writing to over 55,000 employers in receipt of the Wage Subsidy Scheme to confirm that it is operating correctly and still meets their criteria.  Revenue will be requesting the following documents to confirm;

• employers participating in the scheme meet the eligibility criteria;
• employees are receiving the correct amount of subsidy and
• the subsidy amount is being correctly identified in employee payslips.

Employers will also be requested to provide a summary on assumptions made of the impact of Covid-19 to their turnover in Quarter 2 and whether this materialised. Revenue may look for further information in some cases.

If the predicted decrease in turnover did not materialise, Revenue are advising employers to cease TWSS. There will be no clawback of subsidy payments already made.

While you are here, Read more of our Covid-19 update blogs here