Revenue have recently commenced a review on compliance with the TWSS and are contacting employers who have claimed TWSS payments. What this means for you? Revenue are asking for certain documentary evidence to establish that: The Scheme eligibility criteria is met. The correct amount of subsidy is...
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New scheme to Warehouse VAT and PAYE (Employer) tax debts associated with the COVID-19 crisis There is a “warehousing” scheme in place for VAT and PAYE/PRSI/USC (“PREM”) liabilities. This means that, while taxpayers will still have to submit tax returns as normal, no actual payments need...
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COVID-19 Restart Grant for Small Businesses Applications opened 22nd May 2020 The Government has announced the implementation of a new €250m Restart Grant, which will give direct grant aid to small businesses to help them with the costs associated with re-opening and re-employing workers following...
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TWS - Tax Credits Background - The Temporary Wage Subsidy (TWS) Scheme can give rise to 2 separate tax liabilities for employees: As you know, the temporary wage subsidy (TWS) payment is not subject to payroll deductions; but is taxable by review directly on the...
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