The number of people employed in Ireland increased by 10.1% to just over 2.5 million in the year to the fourth quarter of 2021, according to the latest figures from the Central Statistics Office. It the first time the number has exceeded 2.5 million since the CSO data series began. The Labour Force Survey also…
Tag Archives: employment wage subsidy scheme
Early-stage entrepreneurs and entrepreneurial teams have been invited to apply for Enterprise Ireland’s €1m Competitive Start Fund (CSF) which is now open for applications. The competition is open to early-stage companies from all sectors with an eligible innovative product or service set for global markets. The fund will award up to €50,000 in equity funding…
A Government plan to give all workers the right to paid sick leave has been approved by the Oireachtas Committee on Enterprise, Trade and Employment. The committee is recommending that all employees be entitled to the right of statutory sick pay to ensure workers on all forms of employment contracts receive the same protections. The…
The Government is to extend the Enhanced Illness Benefit (EIB), paid at €350 per week, until the end of June. This scheme is designed to support people who are diagnosed with Covid-19 or who need to self-isolate in line with HSE guidelines or the advice of a GP. In general, EIB is paid for up…
A third of the working population aged between 20 and 69 continue to have no pension coverage outside of the State pension, new data from the Central Statistics Office shows. 73% of those with a supplementary pension said theirs was provided through their work, with 11% holding a personal pension and 16% possessing both. The…
The Tánaiste has told the Dáil that profitable companies “should refund the money they received under the employment wage subsidy scheme”. Taking Leaders’ Questions, Leo Varadkar said that if a company “could pay their shareholders dividends, but they didn’t really need the wage subsidy money, well, I think that money should be repaid.” He was…
Being informed about the latest financial news and important changes to legislation is essential when running a business. Resilient taxes can’t match ballooning Government spending The amount of tax collected has continued to defy the scale of the pandemic economic crash as shown by new exchequer data. However, there is still reason to be worried…
The government’s Temporary Wage Subsidy Scheme has now cost in excess of €2 billion, according to the latest statistics issued by the Revenue Commissioners. Around 415,000 employees are currently being directly supported by the scheme, having received a TWSS subsidy in their last payroll cycle. However, since the scheme was launched on 26 March, over 618,000…
The group representing Irish accountancy bodies has called on the Government to spread the taxation burden for recipients of the pandemic wage subsidy schemes over a four year period. Workers are liable for tax on the income they have received via the Temporary Wage Subsidy Scheme (TWSS). But the liability will not arise until the end…
Unemployment, adjusted to account for those on the Pandemic Unemployment Payment, fell slightly in May to 26.1%. This compares to 28.2% in April. The percentage of younger people unemployed continues to be high with 51% of those 15-24 out of work compared to 22.5% of those aged over 25. The Central Statistics Office reports that…