COVID-19: Guidance on the Temporary Wage Subsidy Scheme - 5 May 2020

May 05, 2020

Revenue’s FAQs on the scheme are updated to version 9 and now provide guidance on the Operational Phase which began on 4 May, some other additions and changes are included.   We recommend all members read the FAQs and familiarise themselves with the updates which are highlighted in grey. Revenue has also developed a Sample Subsidy Calculator in excel format which may help to demonstrate how an employee's subsidy can be calculated during the Operational Phase.

The updates in version 9 cover matters such as:

  • Timeline of the scheme and the changes (1.1)
  • Operational phase (1.2)
  • Treatment of top up payments by the employer (1.6)
  • Employers in the Community and Voluntary sector in receipt of State or Exchequer funding (2.11)
  • Eligible employees (3)
  • Employees with multiple jobs (3.12)
  • Figure for Average Revenue Net Weekly Pay (4.3)

We continue to engage with Revenue on all aspects of the scheme. As we receive relevant updates, we are advising all members via the appropriate channels. Please check in regularly on the COVID-19 Hub on the for latest updates.

A recording of the TWSS webinar hosted on 29 April with representatives from the Institute, Revenue and Grant Thornton is available to watch on our dedicated webpage.  The accompanying slides are also available to download.