Ireland Extends Temporary Wage Subsidy Scheme


By Global Tax Weekly

Ireland’s Revenue department revealed that it would give employers additional time to comply with Temporary Wage Subsidy Scheme compliance checks where they are encountering difficulties responding within the current five day timeframe, according to an announcement from Chartered Accountants Ireland.

Ireland’s COVID-19 wage subsidy scheme has been in place since March 26, 2020, and will be administered by the Irish Revenue until August 31, 2020.

Employers who have received subsidy payments under the TWSS are required to provide documentary evidence to establish that they meet the eligibility criteria, that employees are receiving the correct amount of subsidy, and that the subsidy amount is being correctly identified in employee payslips.

However, in a letter to Chartered Accountants Ireland, Revenue explained that employers experiencing difficulties in preparing information in response to letters issued under the TWSS compliance program can contact Revenue and request additional time.


For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look





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