Revenue seeks TWSS clawback
Businesses that used the Temporary Wage Subsidy Scheme (TWSS) last year have until the end of June to review Revenue’s forthcoming overpayment calculations and formally
accept the amounts they will have to return.

Under a reconciliation process which is beginning in the middle of next month, Revenue is calculating the difference between amounts refunded to employers under the scheme and the amounts they actually paid to their employees.
The difference will be added to the tax bills of businesses that owe money from overpayments, or returned to those companies that were underpaid by Revenue during the operation of the scheme.