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The revenue deadline of 5th September for submissions in relation to employees eligible fro TWSS from 1st July 2020 has now been removed. Revenue have said that the template for employers that was to be made available at the end of August will not be available this week and as a result it would not be possible for employers to meet the deadline previously set. Revenue hope to have an update to send out to employers next week. This will include the...

Temporary Vat Change  – 23% to 21% for 6 months. The Government has reduced the standard vat rate from 23% to 21% effective from 1st September 2020 until the 28th February 2021 as part of the July stimulus package. How will this effect you and your business? Systems You will need to update your business systems to have this effective from the 1st September....

The Employment Wage Support Scheme (EWSS) replaces the Temporary Wage Subsidy Scheme (TWSS) and will run until the 31st March 2021.  For pay dates from 1 September 2020, EWSS can be claimed in respect of these employees provided the EWSS eligibility conditions are met. To assist you, I am setting out the answers to the most common questions that we have received from clients regarding the new scheme. ...

The Covid19 Temporary Wage Subsidy Scheme (TWSS) is being renamed as the Employment Wage Support Scheme (EWSS) and is extended to 31st March 2021. The EWSS and TWSS will run in parallel until 31 August to allow certain categories of workers previously excluded from the TWSS, for example, seasonal workers and new hires, to benefit from the EWSS. The key criteria to qualify remains as before. A company should be able to demonstrate that they suffered a significant negative economic impact to their business. The EU economic support packages have...

Coming out of lock down many organisations are continuing to adjust to the new norm of doing business. As we all evaluate the social and economic impacts, how can you prepare your business and respond to these challenges with confidence? The EU economic support packages have just been agreed and now it is up to the Irish government will set out the format on how they will deliver these to Irish businesses. It is expected that this will be revealed...

Has your business has been effected by the COVID-19 pandemic? The Department of Business, Enterprise and Innovation has approved a restart grant for small businesses. Direct grant aid of between €2,000 minimum and €10,000 based on commercial rate bill for 2019Scheme applies to small businesses with a turnover of under €5m and employing 50 people or lessThe business must have suffered a projected 25%+ loss in revenue from 1st April 2020 to 30th June 2020The closing date for receipt of...

The questions many business owners are asking themselves, is what am I going to do to rebuild my business, where do I start and what help is there out there to assist me? As a result of this Covid-19 pandemic there are now a number of supports available by the State and State agencies. This are made up of practical assistance, loans, and grants. I have broken down these under the three headings. ...

Since the Government announcement of the new COVID-19 Temporary Subsidy Payment, it has left many employers with lots of questions on how this new scheme can help and support their business during this crisis. There are still points of this new scheme that have yet to be clarified and the mechanics of the operation of the scheme are in place but they are also being fine tuned over the coming days. To assist you, we have prepared a list of...

Revenue have just released an update to the Employer which gives guidance on the introduction of the Temporary COVID-19 Wage Subsidy Scheme which replaces the COVID-19 Employer Refund Scheme. This is a welcome support to struggling businesses who have been impacted by the current crisis and comes into effect from the 26th March 2020. Below is some more information that has been made available to guide you through the process. ...