Call Us +353 (0)1 645 2002

Read our newsletter
Read our Blog

TWSS Update 24 Aug 20


Update on TWSS employee tax issues

Revenue provided some clarifications relevant to employees receiving payments under the Temporary Wage Subsidy Scheme (TWSS), during the ITI/Revenue webinar this week.


  • Adjustment to employee tax credits to collect tax due on the TWSS: The adjustment to employee tax credits to collect tax due on the TWSS will be made in 2022 (not 2021). As is normally the case, Revenue will be flexible when determining the number of years over which the tax will be collected.
  • Week 1/Month 1 Basis: Employees in receipt of payments under the TWSS who have been placed on a Week 1/Month 1 Basis by Revenue will continue on this Week /Month 1 Basis until the end of the year. A request to revert to the cumulative basis can be made by the employee. However, requests will be considered on a case by case basis, with reversion to the cumulative basis in only exceptional circumstances.

Registered to carry on audit work by Chartered Accountants Ireland.
CONTACT US: 4 Ormond Quay Upper • Dublin 7 • D07 PF53 , Ireland • Phone: +353-1-645 2002 • Fax: +353-1-645 2049 • E-Mail:
HomeAbout UsMeet Our TeamOur ServicesOur ClientsSite MapContact us