Contact Us
Revenue have announced that they are going to commence a compliance programme and will be contacting employers who utilised the COVID-19 Temporary Wage Subsidy Scheme to confirm it is being used correctly.
 
In particular they will seek certain documentary evidence to establish that:
 
  • employers participating in the scheme meet the eligibility criteria
  • employees are receiving the correct amount of subsidy, and
  • the subsidy amount is being correctly identified in employee payslips.
If your business was not as badly affected by COVID-19 as you thought it might be back in March, and you do not meet the eligibility criteria, you should remove yourself from the scheme ASAP.
 
If you do not meet the eligibility criteria, then Revenue have stated that they will not look to clawback the subsidy amounts received so far if you can provide a reasonable basis for why you expected to meet the criteria back in March when registering for the scheme.
 
Published 24/06/2020
 
 

Date published 24 Jun 2020 | Last updated 24 Jun 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

045 814418

Or contact us