Temporary Wage Subsidy Scheme Reconciliation

Please take note the following regarding the Temporary Wage Subsidy Scheme:

The TWSS (Temporary Wage Subsidy Scheme) ran for the period 26th of March 2020 to 3rd of May 2020 (Transitional Phase) and from the 4th of May 2020 to the 31st of August 2020 (Operational Phase).

For any organisation that took advantage of the TWSS the process to reconcile the payment commenced on the 22nd of March 2021. The deadline for completion of the reconciliation is the 30th of June 2021.

The reconciliation is necessary because of the manner in which the Transitional Phase was operated. The main reason for the reconciliation is that the subsidy paid in the transitional period was an estimated amount and the Revenue paid the maximum benefit. The reconciliation will determine if there is an amount due back to the Revenue and calculate same.

For detailed information the Revenue have produced an employer guidance which can be access through the link below:


The reconciliation does not relate to the subsequent EWSS (Employment Wage Subsidy Scheme) which commenced on the 1st of September 2020 and is still running. It is unlikely that there will be a requirement for a reconciliation in relation to this second scheme as it operates in a different fashion.