Oireachtas Joint and Select Committees
Thursday, 2 December 2021
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Revenue Commissioners
Chapter 12 - Controls over the Temporary Wage Subsidy Scheme
Chapter 13 - Revenue's Management of Suspicious Transactions Reports
9:30 am
Mr. Niall Cody:
Yes, that is the main rule. There were supplementary ones if the turnover rule was not appropriate but the normal rule was that firms had to be experiencing significant negative economic disruption due to Covid-19. To do this, they needed to indicate a minimum of a 25% reduction in turnover for quarter 2 of 2020 compared with that for 2019.