Revenue have recently announced an extension to the Employment Wage Subsidy Scheme up to the end of 2021.
To qualify for the extension, the employer must demonstrate to the satisfaction of Revenue that:
• Their business is expected to experience a 30% reduction in turnover or customer orders in the period 1 January 2021 to 31 December 2021; and
• This disruption has been caused by Covid-19.
The reduction in turnover or customer orders will be relative to the same period in 2019, provided the business was in existence prior to 1 January 2019. If the business commenced trading after 1 January 2019, different rules will apply.
Employers availing of the scheme are required to conduct monthly reviews of their eligibility. Effective from 30 June 2021, employers availing of the extension will be required to submit an online monthly Eligibility Review Form (“ERF”). In summary:
- The first ERF must be filed between the 21 and 30 July 2021. Employers will be asked to provide details of the business’s turnover or customer order values for 2019, together with the same results for the first six months in 2021. The employer must also provide details of the monthly projections for the remainder of 2021 (i.e. July to December 2021);
- Thereafter, all ERFs must be submitted on/or before the 15th day of every subsequent month during the scheme’s operation. Employers will be required to provide details of the actual results for the previous month and undertake a review of the original projections provided to ensure they remain valid.
Further details relating to the most recent changes introduced to the EWSS can be viewed at the links below. If you have any questions on EWSS or ERF, please get in touch with our team by email, info@mc2group.ie, or phone to 021 486 1486.
Guidelines on the operation of the Employment Wage Subsidy Scheme (EWSS) (revenue.ie)
Guidelines on eligibility for the Employment Wage Subsidy Scheme from 1 July 2021 (revenue.ie)