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How do I calculate an employee’s weekly average earning?

I have registered for the COVID-19 Wage Subsidy Scheme and I need to calculate my employee’s average net weekly pay, how can I do this?

Net weekly pay is the employee’s Average Net Weekly Pay for January and February 2020 based on submissions made to Revenue by 15 March 2020.
 
To calculate the Average Net Weekly Pay, using the values in the payroll submission for each pay date in January and February 2020:
 
  1. Take the employee’s Gross pay and from it subtract the Income Tax Paid, the USC Paid and the Employee PRSI Paid
  2. Total this figure for each pay date in January and February 2020 and divide this by the number of insurable weeks the employee was on the payroll (capped at 9) for the period.
This gives you the employee’s average net weekly pay that is to be used for calculating the subsidy amount.
 
Learn more about the scheme here 
 
Published 02/04/2020
 
 

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