If your business was not as badly affected as you thought it would be when registering for the scheme back in March and you do not meet the eligibility criteria you should remove yourself from the COVID-19 Wage Subsidy Scheme ASAP.
In order to remove yourself from the scheme you should cease using the J9 PRSI Class on any future payroll submissions.
Revenue have also indicated that employers should inform them of their intention to exit the scheme via the MyEnquiries messaging system on ROS.
Date published 24 Jun 2020 | Last updated 24 Jun 2020This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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