Contact Us

Yes, employers who make top up payments over the €203 per week should still qualify for the COVID-19 Refund Scheme.

The employer COVID-19 Refund Scheme is being administered by the Revenue Commissioners and they issued guidelines on how it will work late last week.

What was made clear in these guidelines at the time was that employers who laid staff off would only qualify for the refund scheme if they paid these employees €203 per week and not a cent more.

Since then there has been significant backlash from employers who were willing to top up this payment to staff on the understanding that they would still qualify for the €203 refund.

The Government have since confirmed that employers who make top up payments over the €203 per week will still qualify for the scheme.

They are still working on the updated mechanics of how that will operate and the expectation is that updated guidelines will issue early this week.

 

Published 23/03/2020

Date published 23 Mar 2020

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

021 2427576

Or contact us