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COVID-19 Wage Subsidy Scheme 24th March 2020

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  • From this Thursday (26 March 2020), the subsidy scheme will refund employers up to a maximum of €410 per each qualifying employee.
  • Employers should pay no more than the normal take home pay of the employee.
  • The subsidy scheme applies to employers who top up employees’ wages and those that aren’t in a position to do so.
  • Employers make this special support payment to their employees through their normal payroll process.
  • Employers will then be reimbursed for amounts paid to employees and notified to Revenue via the payroll process.
  • The reimbursement will, in general, be made within two working days after receipt of the payroll submission.
  • In April, the scheme will move to a subsidy payment based on 70% of the weekly average take home pay for each employee up to a maximum of €410*.
  • Income tax and USC will not be applied to the subsidy payment through the payroll.
  • Employee PRSI will not apply to the subsidy or any top up payment by the employer.
  • Employers PRSI will not apply to the subsidy will be reduced from 10.5% to 0.5% on the top up payment.