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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.

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