TEMPORARY WAGE SUBSIDY SCHEME (TWSS) UPDATE

The June deadline for employers wishing to pay their Employee’s TWSS tax liability without a charge to Benefit in Kind (BIK) has been extended to 30 September 2021.

Revenue also confirmed that the concession applies where an employer pays the Income Tax and USC liabilities:

• of an employee who is a self-assessed taxpayer or in jointly assessed cases, if the employee’s spouse is self-assessed and;
  
• of a proprietary director in the company provided the employers pays the TWSS related liabilities of all employees in the company.