Businesses can apply for new wage subsidy scheme from tomorrow

Businesses can sign up to the Government’s new wage subsidy scheme from tomorrow.

The initiative was part of new measures announced yesterday.

Under the Government’s Temporary Wage Subsidy initiative, businesses can claim up to 70 percent of an employees wages for the next 12 weeks, provided they’re still on the payroll.

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It’s capped at an annual salary of 38 thousand euro and employers can make payroll submissions to the Revenue from tomorrow morning.

Director of policy at business group Ibec – Fergal O’Brien – says current systems allow for the measure to be rolled out swiftly:

Meanwhile, concerns have been raised by many people as to whether they qualify for new social welfare payments introduced for the duration of the crisis.

Unemployment and illness payments increased from 203 euro to 350 euro, which people who have applied should receive this week according to Minister Regina Doherty.

The Minister adds anyone who is confused over their eligibility for welfare subsidies should contact her department.