COVID-19 Updates - Ireland

Information is continuing to emerge on COVID-19 and the resulting legislative changes being instituted in Ireland. We have compiled a list of important updates for Irish employers to be aware of. Our teams are closely monitoring the situation and will continue to provide the latest updates to keep you informed.

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Last Updated – March 27, 2020

 

Measures include a EUR 2.4 billion relief package.

 

Tax and Business Loans

  • Suspended all late Value Added Tax (VAT) penalties
  • A deferral of up to three months on loan repayments may be available to many businesses. In addition, banks are adopting a more supportive approach including extensions of credit lines, risk guarantees, and trade finance.

 

Employment Support

  • The EUR 2.4 billion package includes sick pay, illness benefit and supplementary benefit to help people self-isolate as needed. The measure supplements the income protection provided by the current social welfare system
  • No more 6 waiting days for sick pay for medically-certified cases of self-isolation in accordance with public health guidelines
  • The personal rate of Illness Benefit will be increased from EUR 203 per week to EUR 305 per week for a maximum period of 2 weeks of medically certified self-isolation, or for the duration of a person’s medically-certified absence from work.
  • Systematic short – time working scheme is available for employees who may work on reduced working arrangement.

 

For Employers

  • Temporary COVID-19 wage subsidy scheme that provides, for 12 weeks, a program focused on assisting employers with employees who were laid off without pay.
  • Under the new program employers will:
    • Get a refund of up to a maximum of €410 per each qualifying employee.
    • Beginning in April 2020, the program will move to a subsidy payment, based on 70% of the weekly average take home pay for each employee up to a maximum payment of €410.
  • Government authorities will issue further detailed guidance on the calculation of the subsidy amount for different employee earning levels
  • Employee social insurance is not included in the subsidy amount and the employer’s portion will apply at a rate of 0.5%.