Revenue extend facility for employers to pay employee’s TWSS tax 3 June 2021

May 2021

The June deadline for employers who wish to pay their employee’s Temporary Wage Subsidy Scheme (TWSS) tax liability, without the imposition of a BIK charge, has been extended to September 2021.  Revenue wrote to the CCAB-I confirming the extension of the BIK concession following consideration of the issues raised by the CCAB-I on foot of members’ feedback.

The Revenue Commissioners issued eBrief 97/21 confirming that the concessional BIK treatment  facilitating employers who wish to pay the 2020 income tax and USC liabilities of their employees arising from the TWSS now applies until the end of September 2021.

The eBrief also confirmed that:

• The concession also applies where an employer pays the tax and USC liabilities of an employee who is a self-assessed taxpayer or, in joint assessed cases, if the employee's spouse is self-assessed.
• The concession also applies where an employer pays the tax and USC liabilities of a proprietary director(s) in the company, provided that the employer pays the TWSS related liabilities of all employees in the company.  

The relevant pages of the Revenue website are updated to reflect this and provide further information on the offset of direct TWSS payments