Covid-19: Applying for wage subsidy ‘will be a mark of honour’

Revenue moves to reassure businesses over scheme as Eurogroup president calls for EU rescue plan for Spain and Italy

Aaron Rogan

News Correspondent @aarrogan
31st March, 2020
Covid-19: Applying for wage subsidy ‘will be a mark of honour’
Mario Centeno, the Eurogroup president, said increased levels of debt after the Covid-19 crisis should not become a source of “fragmentation” among eurozone countries.

Revenue has urged companies to apply for wage subsidies and assured them that they will not be deemed insolvent if they do.

A total of €17 million has been paid out through the scheme in the last two days, Niall Cody, chairman of the Revenue Commissioners, said.

“This list will be a mark of honour of an employer who’s tried to do the right thing. It is not anything akin to a tax defaulters list,”...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Almost one in ten Pup recipients were ineligible, Public Accounts Committee to hear

Taoiseach promises a ‘comprehensive’ plan to roll out vaccines for children

Analysis: Case numbers high as vaccines for children approved and booster rollout slows

Firms seek full Covid supports as Varadkar says new curbs are ‘peculiar’