TWSS reconciliation update

At a recent meeting of the TALC Audit sub-committee, Revenue noted that approximately 18,500 employers have to date accepted the Temporary Wage Subsidy Scheme (TWSS) reconciliations issued by Revenue in March. In mid-May Revenue plans to write to employers with TWSS repayments who have not yet agreed the reconciliation to remind them to do so by the 30 June deadline. Approximately 6,000 employers have to date not provided complete subsidy paid information to Revenue. These employers risk the withdrawal of the full TWSS claim if full subsidy information is not provided to Revenue.