The Employment Wage Subsidy Scheme (EWSS) replaces the Temporary Wage Subsidy Scheme (TWSS) from September 1st 2020.
Comprehensive Revenue guidance has now been published with regard to the operation of the Employment Wage Subsidy Scheme which can be accessed here.
Please find below an overview with regard to how the scheme is to operate and to help you prepare for it should you choose to avail of it.
The rate of subsidy provided under the Employment Wage Subsidy Scheme (EWSS) has been revised to better support businesses dealing with Covid-19 Level 5 restrictions.
Broadly, the EWSS rates will be aligned with the rates of payment under the PUP. The following revised rates are effective from the next payroll date after October 19th 2020, they will revert to the previous rates from February 1st 2021.
Please note: gross pay includes notional pay and is before any deductions for pension, salary sacrifice etc.
A 0.5% rate of employers PRSI will continue to apply for employments that are eligible for the subsidy, this is expected to work as follows:
EWSS - July/August 2020
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.
Revenue plan to cater for this via myEnquiries, this will require employers to provide Revenue with the employee details etc. Payment should be made to employers in September.
A list of employers availing of EWSS will be published in January 2021 and April 2021 to www.revenue.ie
Software Upgrade (to cater for EWSS)
An upgrade for Thesaurus Payroll Manager to cater for the Employment Wage Subsidy Scheme (EWSS) has now been released.
To view guidance on how to operate EWSS within Thesaurus Payroll Manager, please click here.
Need help? Support is available at 01 8352074 or firstname.lastname@example.org.