To be eligible for the scheme employers must self-assess with Revenue in order to register. Eligible employers must maintain a tax clearance certificate for the duration of the scheme. If employers don’t have a tax clearance certificate then they can apply for one. The disruption to the business has been a direct result of COVID-19 and there is expected to be a 30% reduction in turnover or orders between 1st July and 31st December 2020 during the period as a whole. The reduction must be relative to the same period in 2019. Further details can be found in our EWSS leaflet below.
The EWSS has two elements:
- It provides a flat rate payment to qualifying employers based on the number of eligible and paid employees through payroll;
- It provides a reduced Employer PRSI rate of 0.5% on wages paid through the subsidy scheme
The EWSS will be paid directly to the employer’s bank account once a month in arrears.
All statutory terms and conditions of employment remain and the employer is responsible for abiding by them regardless of the Employment Wage Subsidy Scheme.
To find out more and to answer many of your questions we have put together an Factsheet covering registration, eligibility, deductions and much more. To download your copy just click on the button