Businesses can claim wage subsidy from tomorrow

Businesses can sign up to the Government's new wage subsidy scheme from tomorrow.

Under the initiative, businesses can claim up to 70 percent of an employees wages for the next 12 weeks, provided they're still on the payroll.

It's capped at an annual salary of 38 thousand euro and employers can make payroll submissions to the Revenue from tomorrow morning.

Director of Policy at business group Ibec - Fergal O'Brien - says current systems allow for the measure to be rolled out swiftly.

"We have a good model to this.

"Businesses across the country will be able to avail of it very very quickly.

"I think it's a very welcome development in terms of the system through which we're going to be operating this."

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