Revenue to clawback €224m in temporary wage scheme overpayments

More than half of employers were overpaid

Employers have until June 30 to review and finalise their reconciliation.

More than half of employers who availed of the Temporary Wage Subsidy Scheme (TWSS) were overpaid and owe the revenue a combined €224m.

Figures show 66,500 employers have so far availed of TWSS support payments of €2.9bn in respect of 664,000 employees since its introduction on March 26 last year. For the first six weeks of the scheme, employers were paid a maximum of €410 in respect of each eligible employee. However, from May 4, the subsidy was based on each eligible employee’s average net weekly pay for January and February 2020.