Continuing wage support measures welcomed has been saved
Continuing wage support measures welcomed
Long term wage support scheme should ensure cash is returned to businesses as efficiently as possible
Commenting on the Minister’s proposal to retain certain wage support schemes until the end of 2021, Daryl Hanberry (tax partner in Deloitte) noted the following:
The Minister in his speech confirmed that the Employment Wage Subsidy Scheme (EWSS) is set to continue until March 2021. The successor to the Temporary Wage Subsidy Scheme introduced at the height of the restrictions in March 2020, the EWSS acts to further support businesses in retaining employees in the face of challenging trading environments created by COVID19. The Minister in his speech acknowledged that while the EWSS is set to continue until March 2021, there will be no “cliff edge” with respect to business supports, and that a similar scheme is expected to continue until the end of 2021.
This is a welcome development for many businesses in retaining employees, and we would welcome this announcement. What will be crucial in the coming months and in the design of any long term wage support scheme is that the Department of Finance and the Revenue Commissioners leverage off the infrastructure already utilised during 2020 to ensure cash is returned to businesses in as efficient a manner as possible. In addition, it would be hoped that continued qualification for the EWSS is based on straightforward, easy to understand qualification criteria.
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