The June deadline for employers wishing to pay their employee’s Temporary Wage Subsidy Scheme (TWSS) tax liability, without the imposition of a BIK charge, has been extended to the end of September 2021.

Revenue issued an eBrief confirming 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.

Revenue also confirmed that the concession applies where an employer pays the tax and USC liabilities:

·of an employee who is a self-assessed taxpayer or, in jointly assessed cases, if the employee’s spouse is self-assessed; and

·of a proprietary director(s) in the company, provided 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.

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