Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

71. To ask the Minister for Finance the expected tax due from the temporary wage subsidy scheme for 2020; and if he will make a statement on the matter. [10315/20]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

72. To ask the Minister for Finance the number of employers that have availed of the temporary wage subsidy scheme and that have paid PRSI at 0.5%; the amount received from employers from these PRSI payments; if an analysis has been undertaken to ascertain on average the number of employers that have topped up incomes from the scheme; and if he will make a statement on the matter. [10316/20]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 71 and 72 together.

Regarding tax due from the temporary wage subsidy scheme for 2020 I am advised by Revenue that it is not possible to quantify at this stage the likely amount of tax to be received from employees in receipt of the Temporary Wage Subsidy Scheme (TWSS) supports. This will require assessment at year end of those who availed of the Scheme, to consider their length of time on the Scheme, the amounts of subsidy received and any other income earned over the course of 2020.

Regarding the number of employers that have availed of the temporary wage subsidy scheme and related PRSI payments , Revenue has published detailed TWSS statistics on a weekly basis. These are available at:

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

In particular, Table 3 of the statistics dated 28 May shows the available information on PRSI payments for employees on TWSS and Table 6 shows an analysis of the TWSS employees in receipt of additional payments from their employers.