The Minister for Finance has said the Government will "examine" the position of proprietary directors who have been excluded from the new wage subsidy scheme.Paschal Donohoe said he will examine the issue "to see if progress can be made".
However, he said there is €2.35 billion of taxpayers' money due to be invested in the scheme from now until the end of next March and this had to be protected from abuse. In a tweet, ISME said if the Government "do value the job makers, the wealth creators and the startup founders of the country" then they should "restore the EWSS to proprietary directors immediately".
Earlier this month it was announced that the Temporary Wage Subsidy Scheme will be replaced by the Employment Wage Subsidy Scheme from 1 September until 31 March 2021, which will be focused as a payroll subsidy support rather than an income replacement measure. According to Revenue, for employers to qualify for the new scheme, they must prove their business will experience a 30% reduction in turnover or orders between 1 July and 31 December 2020 due to Covid-19.
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