14.6 C
Ireland
Friday, April 23, 2021

Final cost of Government’s Temporary Wage Subsidy Scheme almost €2.9 billion

The final cost of the Government’s Temporary Wage Subsidy Scheme (TWSS), which expired last Monday, amounted to €2.844 billion.

Last week, €108 million was paid out.

From the time the scheme was launched in March, over 663,100 employees received at least one subsidy.

In the past week, an estimated 360,000 people have been directly supported by the scheme, as they received a subsidy in their most recent pay last week.

An estimate was made by Revenue that around 20,100 employers with 161,600 employees left the TWSS before its expiration.

To date, over 26,700 employers have registered with Revenue to the new Employment Wage Subsidy Scheme (EWSS).

In order for employers to be eligible for this scheme they must have tax clearance and experience at least a 30% drop in turnover.

POPULAR

Hospital numbers for Covid-19 at their lowest since October

Hospital numbers are currently at their lowest since early October

Australian city of Perth orders new lockdown following Covid-19 case in the community

Australian authorities ordered a snap, three-day lockdown in the western city of Perth today after a member of the community tested positive...

People in 60-64 age bracket invited to register online for Covid-19 vaccine from today

People aged between 60 and 64 will be able to register online for a Covid-19 vaccination starting today. The...
Ireland
overcast clouds
14.6 ° C
15 °
14.4 °
49 %
5.4kmh
100 %
Fri
15 °
Sat
14 °
Sun
16 °
Mon
15 °
Tue
10 °