Irish Wage Subsidy Scheme - Updated Guidance

Apr 21, 2020

 

Revenue published updated guidance on Employer Eligibility and Supporting Proofs for the scheme (20 April).  Updated FAQs, now version 7, has also been published (21 April).  Both documents answer some of the common questions from members on the scheme.   

The updates cover:

  • Staff transfers under TUPE – confirmed now in FAQs at 2.10 and Employer Eligibility and Supporting Proofs (pg 4).
  • Treatment for group companies – confirmed in Employer Eligibility and Supporting Proofs (pg 4)
  • Treatment for individual business divisions – confirmed in Employer Eligibility and Supporting Proofs (pg 2)
  • Reduction in turnover test – further information and examples in Employer Eligibility and Supporting Proofs (pg 2 and pg 3)     
  • Operating the scheme from 16 April to support employees whose average net weekly pay was greater than €960, and their current gross pay is below €960 per week – information in the FAQs 
  • Phase 2 of the scheme effective from 4 May – information now in the FAQs

You are reminded that the scheme is provided for in legislation, section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020.  If you wish to cross check a reference to the Taxes Consolidation Act 1997, you can do so on the Institute online version on TaxSource.  

We continue to correspond with Revenue to obtain timely clarifications and answers to members’ questions. We will report relevant updates as we receive them.  

 For more, visit our dedicated Wage Subsidy Scheme page on the COVID-19 Hub.