Employment Wage Subsidy Scheme

Dear Payroll User,

I hope this email finds you and your family well.

Newly hired employees who would not be eligible for the Temporary Wage Subsidy Scheme (TWSS) should be setup with their normal PRSI class and NOT J9.

The Temporary Wage Subsidy Scheme (TWSS) will end on the 31/08/2020. The Scheme is being replaced with the Employment Wage Subsidy Scheme (EWSS).

https://www.revenue.ie/en/corporate/communications/stimulus/employment-wage-subsidy-scheme.aspx

While the Employment Wage Subsidy Scheme (EWSS) has been available from the 1st of July for employers with newly hired employees, the funds from Revenue will only be available in September. Revenue are currently working on a process to accommodate this.

Employers wishing to avail of the Employment Wage Subsidy Scheme (EWSS) will need to register with the Revenue. The registration to the scheme is expected to be open mid-august.
The Employment Wage Subsidy Scheme (EWSS) is expected to run until March 2021. The subsidy is an enterprise support to employers once they meet the eligibility criteria.

TWSS and EWSS will run in parallel from 1st July to 31st August, employees already on TWSS must remain on TWSS until the end of August. Employers wishing to operate the scheme from July 1st i.e. for employees not eligible for TWSS, should process the payroll for these employees in the normal manner and Revenue will review these cases at a later date and refund the subsidy due.

The Subsidy Support Values per week are:
Less than € 151.50Subsidy Payable is € 0.00
Between € 151.50 and € 202.99 Subsidy Payable is €151.50
Between € 203.00 and € 1,462.00Subsidy Payable is €203.00
Greater than €1462.00 Subsidy Payable is € 0.00

The Employment Wage Subsidy Scheme will re-establish the normal requirement to operate PAYE, USC, and employee PRSI.

Quantum will be issuing an update and notes on the operation of the Employment Wage Subsidy Scheme (EWSS) in the coming weeks. We are currently working with Revenue to finalize the requirements.

As the Temporary Wage Subsidy Scheme “TWSS” will end on the 31/08/2020. You will be required to reconcile the Payroll with the actual subsidies received from Revenue. Quantum will provide a CSV file and notes to assist with this process.

Kind regards and stay safe

Trish Blake
Customer Services Director

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