EMPLOYER UPDATE: Temporary COVID-19 Wage Subsidy Scheme
The Government announced on the 24th March that it intended to bring in additional measures to provide financial support to Irish Companies and workers affected by the Covid-19 crisis. One of these measures is the Temporary Wage Subsidy Scheme.
The scheme will support employers who are affected by the pandemic by providing financial support to allow employees to continue to be paid as employees. The scheme will run for 12 weeks from 26 March 2020.
Employers must keep employees on the payroll throughout the COVID-19 pandemic, meaning employers can retain links with employees for when business picks up after the crisis.
Employers are encouraged to facilitate employees by operating the scheme and making their best efforts to maintain a significant, or 100% income, for the period of the scheme. Information on the operation of the scheme is currently limited but the details we have so far are as follows: -
Scheme Details
Who does the scheme apply to?
The Scheme is available to employers, excluding the public service and non- commercial semi-state sector, whose business activities are being adversely impacted by the pandemic and they:-
Employer qualification Employers must:
The names of all employers operating this scheme will be published on Revenue’s website in due course, after the scheme has expired.
Employer Registration
Any employer, already registered with Revenue for the Employer COVID-19 Refund Scheme, is not required to take any further action. The employer may make payroll submissions from 26 March 2020 under the subsidy scheme arrangements on the same basis as they were doing for the Employer Refund Scheme, and €410 will be refunded in respect of each eligible employee per week.
Employers, or their agents, wishing to register for the scheme can apply to Revenue by carrying out the following steps:
Operating the scheme from Thursday 26 March 2020
The employer runs the payroll as normal, entering the following details for each relevant employee under the Scheme:
Employers must not operate this scheme for any employee who is making a claim for duplicate support (e.g. Pandemic Unemployment Payment) from the DEASP.
Based on the information provided in payroll submissions and adherence to the maximum limits Revenue will credit employers the temporary wage subsidy paid to each employee.
Penalties will apply to any abuse of the Subsidy Scheme by self-declaring incorrectly, not providing funds to employees or non-adherence to Revenue, and any other relevant, guidelines.
We will endeavour to provide you with any additional, updated information, as it becomes available.
This update is provided by the MSS HR Support Service
Further details on the update or about our services may be obtained from:
John Barry/Tara Daly/ Hugh Hegarty at Tel: 01 8870690
Email: info@mssirl.ie Website: www.mssirl.ie
HR
+353 1 887 0690
hr@mssthehrpeople.ie
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recruitment@mssthehrpeople.ie
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