WebDec 17, 2024 · 17/12/2024. Leo Varadkar has said companies that recorded ‘substantial profits’ or were able to pay shareholders ‘substantial dividends’ while receiving pandemic wage supports should refund the … WebSep 24, 2024 · The Revenue Commissioners has to date clawed back €50m in a compliance programme concerning the Employment Wage Subsidy Scheme (EWSS). That is according to new figures provided by the Minister ...
Revenue claws back €50m in wage subsidy compliance …
WebAug 9, 2024 · In January and April 2024, Revenue will publish on the Revenue website the names and addresses of employers who availed of the EWSS. Other. A number of other updates have been included in relation to the guidelines for processing EWSS payments through payroll. Revenue’s most recent guidance on the EWSS is available here. WebRevenue’s EWSS Eligibility Guidelines (on page 8) acknowledge that, in exceptional circumstances, certain unforeseen events may occur which require the employer to revise the original budget estimate e.g. imposition of further Government restrictions (post the review date) impacting trade, receipt of an unexpected donation, entering into a ... does shutterfly take heic
Revenue clamping down on abuses of Covid wage subsidy
WebDec 1, 2024 · The EWSS (Employment Wage Subsidy scheme) runs from the 1 September 2024 until 30 April 2024, with the scheme closing to new entrants from 1 January 2024. In January 2024 the Government announced changes to a number of the COVID support schemes available to businesses most severely impacted by the public health … WebRevenue confirmed that the EWSS is different from the TWSS in that it is a payment to the employer. It is a taxable grant, and a deduction is available for the portion of wages supplemented by the EWSS. Example . The employer receives €10,000 in EWSS payments, then this is treated as taxable grant income of €10,000. The employer can take a ... WebBudget 2024 enhancements . From 10 June, businesses will be able to apply for the Extended Wage Subsidy Scheme (EWSS). To be eligible for the EWSS, a business must have experienced a 50% reduction in revenue in the 30-day period prior to the application date versus the nearest comparable period in 2024. faceshop seed fermentation balm