Tuesday October 27, 2020

Employers entitled to help should take it

The wage subsidy scheme is not money for nothing. It’s recompense for a state-mandated commercial shutdown

5th April, 2020
Finance Minister Paschal Donohoe has encouraged employers to claim the wage subsidy assistance. Picture: PA

In the last ten days, the giant engine of the PAYE system has been thrown into reverse. Usually, it’s a machine for hoovering up tax. Now, it’s doing the opposite, allowing government to pay the wages of businesses in trauma due to the measures the government has taken to combat the Covid-19 crisis.

By midweek, the Revenue was already briefing that it had paid out €34 million in wages to over...

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