Revenue have recently announced an extension to the Employment Wage Subsidy Scheme to the end of 2021.
To qualify for this extension, the employer must demonstrate to the satisfaction of Revenue that:
1. 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
2. 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.
The first Eligibility Review Form 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 monthly projections for the remainder of 2021.
