Initial Phase Calculations

SupportCategory: Wage Subsidy SchemeInitial Phase Calculations
Ralph Smith Staff asked 6 months ago

In the initial phase calculations of the subsidy may be incorrect either higher or lower.? ?Will Revenue reconcile? the payments with what was paid or what was supposed to be paid.

1 Answers
Ralph Smith Staff answered 6 months ago

Reconciliation of Employer Refunds: At a future date, Revenue will perform a reconciliation of employer
refunds made to the employer from 26 March up to 4 May. Where necessary Revenue will adjust the
amount of future refunds that it will make to the Employer to take into account the difference between subsidy the employee was eligible for and the ?410 that Revenue refunded to the employer during the Transitional phase.

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