Wednesday, 20 May 2020

Questions (131)

Cormac Devlin

Question:

131. Deputy Cormac Devlin asked the Minister for Finance the status of the temporary wage subsidy scheme; the number of companies availing of the scheme; the cost and value of refunds due to companies for each of the weeks ending 15 March to 3 May 2020, in tabular form; and if he will make a statement on the matter. [6887/20]

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Written answers (Question to Finance)

The Temporary Wage Supplement Scheme (TWSS) commenced on 26 March 2020.  

Revenue has regularly published statistics on the operation of the Temporary Wage Subsidy Scheme (TWSS) since 9 April 2020.

On 14 May, Revenue published updated and expanded statistical information in relation to the scheme. These statistics are available on Revenue’s website at the following link:

www.revenue.ie/en/corporate/information-about-revenue/statistics/number-of-taxpayers-and-returns/covid-19-wage-subsidy-scheme-statistics.aspx.  

The data published include the cost of the scheme to date as well as detailed information on employers and employees in receipt of payments under the scheme.

As at 14 May, Revenue report that over 53,900 employers had registered with Revenue for the TWSS and that over 47,300 employers had received subsidy payments.

The cumulative costs as reported by Revenue are as follows:

Date

Reported Cumulative Cost (€M)

9 April

155

17 April

300

23 April

430

30 April

712

7 May

838

14 May

936

Revenue has advised me that it is continuing to undertake further analysis of TWSS and will publish updated and expanded statistics on a regular basis. These updates will also be published at the link above.