Covid Wage Subsidy Schemes

Operating guidelines for the Covid-19 Refund scheme in Cloudpay.

How to set up the new enhanced Temporary COVID-19 Wage Subsidy Scheme for CloudPay

The operational phase, where employers have to import CSV files from Revenue.

Revenue have instructed that any company that used any of the Temporary Wage Subsidy Schemes should upload subsidy data for the employees, showing the actual subsidy paid.

For the final phase of TWSS (Temporary Wage Subsidy Scheme), employers are instructed to review their reconciliation data, correct any data and accept the balance.

The deadline for completion is 30 Jun 2021. After that date, the balance will be deemed to have been accepted

The TWSS subsidy was treated for tax like a social welfare payment. This meant that it was not taxed through payroll, like salary is.

This means that many employees may now owe tax incurred through TWSS.

Cloudpay has a facility where the employer can pay this tax. 

On 31 August The Temporary Wage Subsidy Scheme (TWSS) ends.  From 1 September 2020 until 31 March 2021, TWSS is being replaced by the Employment Wage Subsidy Scheme (EWSS).

Employers must register on ROS to use EWSS and must be tax compliant.