Following a late change on Friday evening to the Finance Bill by Finance Minister Paschal Donohue, employers claiming a subsidy under the scheme must now show a 30% reduction in turnover will occur for the period January 1 to June 30. Businesses on the Employment Wage Subsidy Scheme (EWSS) will also have to provide Revenue with a six-month sales projection within 10 days or lose their eligibility for the programme.
Companies must make the calculation by December 31 and compare it to the corresponding period in 2019, demonstrating to Revenue’s satisfaction that their business will still qualify for the supports under the new terms.
More information is available here
