Senator Micheál Carrigy
Longford's Senator Micheál Carrigy has welcomed recent announcement by Government of changes and enhancements to the Temporary Wage Subsidy Scheme (See Note to the Editors below with link for full scheme changes).
These changes mean that more employees will now receive a subsidy of €350 per week, and those with previous net pay below €412 per week will now receive a greater level of subsidy at 85% of net wages rather than 70% as previously applied.
These changes will apply for payroll with a pay date on or after the 4th May and received by the Revenue Commissioners on or after that date. Furthermore, there are no changes to the eligibility criteria for Employers.
“I welcome the changes and enhancements announced today by Government in respect of the Temporary Wage Subsidy scheme. In summary this ensure that all employees on below €412 a week net will receive a subsidy of 85% of their net wages, up from 70% and also ensures that all employees are now eligible under this scheme.
“I would encourage local employers whose businesses have been impacted by the COVID-19 to avail of this Government Temporary Wage Subsidy Scheme. I fully understand the financial difficulties and worries this Pandemic is causing for viable businesses and their employees.
"This is an emergency wage support scheme designed to support employee wages, whilst maintaining the link between employer and employee as well as ensuring that businesses can survive and come through this COVID-19 induced economic downturn period.
"As they have arisen, I have sought to clarify issues with the Revenue Commissioners in relation to this wage subsidy scheme. The Revenue Commissioners are continually updating their Guidelines here, which are available on their website at www.revenue.ie.
"The main features of these changes and enhancements are;-
|Gross amount paid by employer||Subsidy|
|Up to 60% of employee’s previous average net weekly pay||Up to €350 per week|
|Between 60% and 80% of employee’s previous average net weekly pay||Up to €205 per week|
|Over 80% of employee’s previous average net weekly pay||No subsidy payable|
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