Revenue have issued Employer notices on the operation of the Wage Subsidy Schemes, TWSS and EWSS, to participating TWSS employers this week. The details are as follows:
Temporary Wage Subsidy Scheme (TWSS):
The TWSS Scheme, which provided significant supports to employers since 26 March 2020, will cease to operate after 31 August 2020. All payroll submissions received with pay dates on or after 1 September 2020 will not be processed under the TWSS and refunds will not be paid.
For pay dates from 1 September, you are required:
- To return all employees to normal payroll and report normal PRSI classes, not J9 Class
- Not to make temporary wage subsidy payments to your employees Revenue will shortly be publishing guidance on the reconciliation of TWSS.
Employment Wage Subsidy Scheme (EWSS):
On 23 July last, the Government announced the Employment Wage Subsidy Scheme. This provides economy-wide enterprise support to give a flat-rate subsidy to eligible employers based on the numbers of paid eligible employees on the employer’s payroll. The EWSS replaces the TWSS for pay dates on or from 1 September 2020 and is expected to continue until 31 March 2021.
If you wish to avail of the EWSS it is necessary to meet the qualifying criteria and register to participate in the scheme. The general eligibility criteria require that your business experiences, as a result of the COVID-19 pandemic, a 30% reduction in turnover or orders between 1 July and 31 December 2020. Childcare businesses registered in accordance with Section 58C of the Child Care Act 1991 are also included in the scheme.
For more information – https://www.osk.ie/blog/posts/revenue-employer-notice-wage-subsidy-schemes/