It was designed to be free money to help the worst impacted businesses maintain employment during the crisis. If turnover had collapsed by more than 25 per cent in the second quarter, the state, through the Revenue Commissioners, would subsidise the wages of employees up to a certain threshold. The Revenue Commissioners has begun compliance checks on the scheme to ensure employers actually qualified and employees were paid in full. The programme will last for several month. Already, however, the Revenue Commissioners have noticed a number of trends. Self-assessed, the majority of the companies played by the rules of the…

Want to continue reading?

Join today and get full access to The Currency and The Wall Street Journal – TWO premium memberships for the price of one.

Subscribe

Cancel at any time.

Are you already a member? .