Ireland: Updated guidance on employment wage subsidy scheme, extended to 30 April 2022 (COVID-19)
Program intended to provide relief from the economic consequences of the coronavirus (COVID-19) pandemic
Extended to 30 April 2022 (COVID-19)
Finance Act 2021 extended the employment wage subsidy scheme—a program intended to provide relief from the economic consequences of the coronavirus (COVID-19) pandemic—to 30 April 2022 (from 31 December 2021).
Updated guidance (December 2021) from Irish Revenue provides clarity on:
- The flat-rate subsidy to be paid for pay dates between 1 January 2022 and 30 April 2022 to qualifying employers based on the numbers of paid and eligible employees on the payroll
- The reduced rate of employer pay-related social insurance (PRSI) of 0.5% applying to wages paid in respect of eligible employees up to 28 February 2022
- Guidelines for employers that were not eligible for the employment wage subsidy scheme as of 31 December 2021 but may now re-enter the scheme when certain conditions are met
Read a January 2022 report prepared by the KPMG member firm in Ireland
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