COVID-19: Wage Subsidy Scheme numbers from Revenue (ROI)

Apr 14, 2020

Over 41,000 employers are registered with Revenue for the Wage Subsidy Scheme and more than 26,200 refunds have issued under the scheme in the first two weeks of its operation.  In the same period, at least one payment was made to 219,400 employees, some 80 percent of these receiving a top up payment from their employer.   This is according to preliminary statistic published by Revenue.  

Perhaps not a surprise, the wholesale and retail trade sector are the highest percentage of employers (21.8 percent) and employees (22.7 percent) out of the total number of claimants availing of the scheme. The legal, accounting, managements and architecture sector accounts for 8.3 percent of the share of employers with 4.7 per cent of the share of employees.  Financial and insurance is under 1 per cent for both employers and employees.  Over a quarter of all employers are in Dublin.

 Equally notable is that 570 employers are missing out on more than €2.7 million in payments from Revenue.  This is because the nominated bank account details have not been provided, according to Revenue. It is important that employers registered for the scheme, who have not yet received a payment from Revenue, to check that their nominated Refund Bank Account is set up.  Details of how to set up a Refund Bank Account can be found on the Revenue website.  

Revenue published preliminary statistics based on the first two weeks of the operation of the scheme.   The statistics provide information on, the number of employers per Revenue Division, a breakdown of the location of the employer, analysis of the economic sector and employer size.  Similar statistical data is expected to be updated and published on a regular basis.