TWSS Reconciliation information available in ROS

Mar 30, 2021

The final stage of the Temporary Wage Subsidy Scheme (TWSS) reconciliation process launched last Monday. Most employers participating in the TWSS will have received a notification to their ROS inbox that the reconciliation information is available. Employers have until 30 June 2021 to review their TWSS reconciliation information, provide any outstanding information on subsidies paid to employees, and accept the reconciliation balance on ROS. Revenue published a guide to assist employers in the completion of reconciliations.

Employers are required to provide subsidy paid amounts to a payslip level under section 28(5)(j) of the Emergency Measures in the Public Interest (Covid-19) Act 2020. Some 10 percent of employers have yet to provide this information. Any TWSS previously paid to an employer will become repayable to Revenue if the employer does not report all subsidy paid data to Revenue by 30 June 2021.

On ROS, where the “TWSS amount paid to you by Revenue” equals or does not exceed the “Total TWSS amount payment in respect of your employees” by more than €500, the employer’s balance is considered reconciled, and no balance is payable. Revenue statistics indicate that 41 percent of employers are reconciled.

The 56 percent of employers who have a reconciliation balance payable to Revenue can access their reconciliation summary and Reconciliation CSV file through ROS. Employers have until 30 June 2021 to review, correct and accept this balance. Amounts owed back to Revenue can be paid via RevPay in ROS, or eligible employers can access the debt warehousing scheme.

The preliminary statistics for TWSS reconciliation show that the total reconciliation balance due to Revenue amounts to €224 million, and €90 million of this is already repaid. Most reconciliation balances relate directly to the transitional phase of the TWSS, where a flat-rate subsidy of €410 was paid for every eligible employee during the first six weeks of the scheme. This flat-rate subsidy exceeded the subsidy correctly due in many cases.

Additional subsidy payments, worth approximately €1.4 million, are due to 3 percent of employers. These employers can access their reconciliation summary and reconciliation CSV file through ROS also.

Revenue’s Employer Guidance for the TWSS Reconciliation provides information on the reconciliation process, the ROS screens, making corrections to the subsidy paid data and payslips. Revenue also published Guidance on PRSI adjustments for ineligible TWSS payslips.

The Revenue press release and eBrief No. 058/21 provide further information on the TWSS reconciliation process.