IE Legislation - Temporary COVID-19 Wage Subsidy Scheme
(Doc ID 2651920.1)
Last updated on APRIL 08, 2020
Applies to:Oracle HRMS (Ireland) - Version 12.1 HRMS RUP12 to 12.2 HRMS RUP13 [Release 12.1 to 12.2]
Information in this document applies to any platform.
Following on from DEASP’s COVID Payments Refund schemes for Employers, the Irish Government has announced further measures to provide financial support to employees. As part of these measures, Revenue will operate a Temporary Wage Subsidy Scheme. Revenue will refund employers up to a maximum of €410 per week for each employee.
Employers may pay a non-taxable amount equal to 70% of the employee’s average net weekly pay to: A maximum of €410 per week where the average net weekly pay is less than or equal to €586 Or A maximum of €350 per week where the average net weekly pay is greater than €586 and less than or equal to €960.
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