TWSS | Business Post

More than €50 million in wage subsidies recouped through inspections

The Revenue enforcement measures returned €31.5 million in Temporary Wage Subsidy Scheme and €19.2 million in Employment Wage Subsidy Scheme to the state

€348 million in Covid-19 business supports repaid to Revenue

The government announced the resumption and reopening of supports for businesses in December

Data on insurers’ payout deductions won’t be published this year

Government has come under renewed pressure to recoup millions of euro deducted by insurance firms from Covid-19 compensation

Fleming to examine if British insurers’ pledge can be replicated in Ireland

Junior minister has contacted UK counterpart to learn if commitment given by insurers not to strip value of pandemic-related state supports from awards can be applied here

Insurers asked to repay state money they deducted from awards to pandemic-hit firms

Junior minister ‘hopes’ insurers give the money back but admitted the government has no means of enforcing that request

Revenue claws back wage subsidy from parents who used it to pay childminders

Some 39 households claimed around €7,000 each on average under the scheme which was meant only for businesses

Ian Guider: We can’t afford to delay the inevitable on state supports

The extensive pandemic payments were necessary to keep firms afloat, but now we need to look at the new normal – and which businesses might not survive it

How to work: Why employees on Covid-related payments are being hit with a tax bill

Workers who were part of the temporary wage supplement scheme or received the PUP are liable to repay tax, but Revenue is at least trying to make it easier to address underpayments

Brian Keegan: The PUP carries a nasty sting in its tail

Due to the Pandemic Unemployment Payment, several hundred thousand workers now owe back tax from last year

Unexpected payback time: Revenue’s clawback of the TWSS

Some struggling firms who availed of the temporary wage subsidy scheme (TWSS) are being told that in fact they did not qualify and must return the money to Revenue