One year after the introduction of the Temporary Wage Subsidy Scheme (TWSS), the Revenue reconciliation process is underway. Revenue will compare the total subsidy amount paid to employees, against the subsidy amount paid to the employer. This will allow Revenue to determine the amount of TWSS owed back to Revenue from employers.
All employers who availed of the TWSS will receive a Statement of Account in their ROS inbox on Monday 22nd March 2021. Employers will have until the end of June to review the detailed information and accept the reconciliation amounts.
Once you have accepted the reconciliation calculation, you will either be paid any additional amount due to you by Revenue or be required to repay any amount that you owe to Revenue
