The Employment Wage Subsidy Scheme (EWSS) replaces the Temporary Wage Subsidy Scheme (TWSS) from September 1st 2020.
Comprehensive Revenue guidance has 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 operates and to help you prepare for it should you choose to avail of it.
Subsidy Payment:
The rates of subsidy provided under the Employment Wage Subsidy Scheme (EWSS) have been revised to better support businesses.
The following revised rates are currently effective until June 30th 2021.
Previous rates:
Please note: gross pay includes notional pay and is before any deductions for pension, salary sacrifice etc.
Payroll:
Employer PRSI:
A 0.5% rate of employers PRSI applies to employments that are eligible for the subsidy. This operates as follows:
Publication:
A list of employers availing of EWSS will be published in January 2021 and April 2021 to www.revenue.ie
Need help? Support is available at 01 8352074 or support@thesaurus.ie.