Revenue will initiate Stage 2 of the TWSS reconciliation process in mid-March. Under Stage 2, Revenue will issue details to each employer at both summary and detail level to allow the employer to review their reconciliation down to a payslip level. Employers will have until the end of June 2021 to review their details before accepting the reconciliation. Stage 2 was originally planned to commence in January. Last month, Revenue issued letters to 3,212 employers requesting subsidy paid data due under Stage 1 of the reconciliation process on 31 October 2020. The TWSS must be repaid if the employer does not provide Revenue with the outstanding information.

The letters from Revenue issued in hard copy to employers and their PREM agents (where there is a PREM agent on record). A breakdown of the employers is as follows:

• 1,940 employers were issued with the No Subsidy Paid letter.
• 1,272 employers were issued with the Zero Subsidy Reported letter.

For full details on Stage 2 of the TWSS reconciliation process, see Revenue’s TWSS webpage.