Tuesday June 2, 2020

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

31st March, 2020
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,”...

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