What theTemporary COVID-19 Wage Subsidy Scheme is
The Temporary COVID-19 Wage Subsidy is a scheme which allow employers to pay their employees during the current pandemic. Employers will be refunded up to 70 percent of an employee’s wages – up to a level of €410.
The employer is expected to make their best efforts to maintain as close to 100% of normal income as possible for the subsidised period.
This payment replaces the Department of Employment Affairs and Social Protection’s Employer Refund Scheme announced on 15th March, and any business that received refunds under the current scheme do not need to reapply.
Revenue will contact them directly to confirm that they meet the conditions for this new scheme.
If you are an employer who can show that you have lost at least 25 percent of your trade – you will be able to claim 70 percent of your employees net wage back (up to a maximum of €410). The government encourages you to top-up your employees’ wages to maintain them at their current level of earnings.
If you are self-employed you should apply for the COVID-19 Pandemic Unemployment Payment.
Employers will be refunded up to 70 percent of the amount they pay each employee up to a maximum level of €410. Wherever possible, employers are asked to top their employees wages.
Employers should apply on the Revenue site by clicking the button below
You can read more detailed guidelines here You can read detailed guidelines on the scheme here.
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