I have cash in the bank do I qualify for the wage subsidy scheme?

I have cash in the bank do I qualify for the wage subsidy scheme?

I have cash in the bank do I qualify for the wage subsidy scheme? 150 150 Ralph Smith

Potentially yes (Provided you meet the other qualifying criteria e.g turnover down 25%)

Revenue say” An employer that has been hit by a significant decline in business but has strong cash reserves, which are not required to fund debt, will still qualify for the Scheme but the Government would expect the employer to continue to pay a significant proportion of the employees? wages. “

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