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

@aarrogan
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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