Ireland: Guidelines for employment wage subsidy program (COVID-19)
Ireland: Guidelines for employment wage subsidy program
Irish Revenue in August 2020 released additional guidance on the operation of the employment wage subsidy scheme—a program intended to provide relief from the economic consequences of the coronavirus (COVID-19) pandemic and provided for in the Financial Provisions (COVID-19) (No.2) Act 2020 that was signed into law on 1 August 2020.
To be eligible to participate in the employment wage subsidy scheme or program, the employer must be able to demonstrate to the satisfaction of the Revenue that their business has been significantly disrupted by reason of COVID-19.
While most of the key points provided for in the guidance have already been publicised either in the legislation or in the related commentary, the guidance from Irish Revenue provides additional practical insight into the operation of the scheme and offers more clarity in respect of assessing employer eligibility for the scheme.
Read an August 2020 report prepared by the KPMG member firm in Ireland
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.