![]() TWSS and EWSS will run in parallel from 1st July to 31st August. ![]() The credit will show on the Statement of Account to reduce the employer’s liability to Revenue.Revenue will calculate a PRSI credit by calculating the difference between the rate on the normal class and the 0.5%.PRSI will be calculated as normal via payroll e.g.It will not show on payslips or in myAccount.Ī 0.5% rate of employers PRSI will continue to apply for employments that are eligible for the subsidy. EWSS is a subsidy paid to an employer.calculating and deducting Income Tax, USC and employee PRSI through payroll. Employers will be required to pay employees in the normal manner i.e.Please note, gross pay includes notional pay and is before any deductions for pension, salary sacrifice etc Payroll: ![]() Any changes made to payroll submissions after the return due date will not be processed for subsidy payments.The subsidy will be paid to employers monthly after the return due date (14th of the following month).It is now expected that they will be included where they retain ‘ordinary’ employees on the payroll. Proprietary directors were due to be excluded from the scheme.Employers must review their eligibility status on the last day of every month to ensure they continue to meet the eligibility criteria, if they no longer qualify they should deregister for EWSS with effect from the following day (1st of the month).Registered childcare providers can avail of the EWSS without the requirement to meet the 30% reduction in turnover or customer orders.Further information on the qualifying criteria can be found here. Employers must be able to demonstrate that their turnover or customer orders between July 1st and December 31st 2020 are expected to suffer at least a 30% reduction as a result of Covid-19.Employers must hold up to date tax clearance to register for the scheme and to receive the subsidy payments.Revenue are planning to have the registration facility available from August 19th. Employers wishing to avail of EWSS must register for it via ROS.It is important to note that TWSS will cease on August 31st 2020.The scheme is expected to operate until 31st March 2021. The scheme provides a flat-rate subsidy to qualifying employers based on the number of paid and eligible employees on the employer’s payroll. Below is some information to help you understand the scheme and to help prepare for it should you choose to avail of it. Revenue are currently working through the finer details of the scheme. The Employment Wage Subsidy Scheme (EWSS) will replace the Temporary Wage Subsidy Scheme (TWSS) from September 1st 2020. The Employment Wage Subsidy Scheme - Important Update
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