Article
Changes to the COVID-19 Wage Subsidy Scheme
Revenue have announced significant changes to the Temporary Wage Subsidy Scheme
1. When will these changes come in to effect?
2. Who do the changes apply to?
- They impact employers who have staff on average net weekly wages of €412 per week (roughly €24,400 gross per annum) – the amount of the subsidy has been increased from 70% to 85% and they can make top up payments that exceed the average net weekly wage without affecting the subsidy in certain circumstances.
- They impact employers who have staff on average net weekly wages of between €412 and €500 (roughly €31k gross per annum) – the subsidy for these employees will be a flat rate of €350 per week.
- They impact employers with staff earning average net weekly wages of between €586 (roughly €38k gross per annum) and €960 (roughly €76k gross per annum) – a new tapered relief has been introduced which link different levels of the subsidy with thresholds of gross pay paid by the employer.
- They impact employers with workers who previously were on average net weekly wages of over €960 – those employees, who were previously excluded from subsidy scheme, can now get on the scheme if they have taken a significant pay cut.
3. As an employer what do I need to do now?
- Employees earning under €38k per annum
- Employees earning between €38k & €76k per annum
- Employees earning over €76k per annum
4. What if my staff have left and gone on the pandemic unemployment payment?
Date published 20 Apr 2020 | Last updated 7 May 2024
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