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Employee Wage Subsidy Scheme(EWSS)

February 10, 2021 Covid 19 0 Comment

Qualifying criteria from January 2021

From 1 January 2021, the period to be reviewed to determine eligibility for EWSS will be 1 January to 30 June 2021.

The reduction in turnover or customer orders (30%) between 1 January and 30 June 2021, is shown compared to the:

• same period in 2019, where the business operated for the whole of the comparable period in 2019

• period from the date of commencement to 30 June 2019, where the business commenced trading between 1 January and 1 May 2019

• projected turnover or customer orders from 1 January 2021, or date of commencement, to 30 June 2021, where business commenced after 1 May 2019. (This is compared to what the projections may have been if COVID-19 had not occurred.)

You must retain evidence of appropriate documentation, including copies of projections to demonstrate continued eligibility over the specified period.

Monthly review to check eligibility

You are required to undertake a review on the last day of every month to ensure you continue to meet the eligibility criteria. It is important to document projections and reviews

Closing date is October 8th 

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Joe Cunnane Practice Owner TRA Professional Services       Qualifications:  FCA Chartered Accountant & AITI Chartered Tax Advisor Joe has over 20 years experience working in both private practice and industry ... Read More »