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Revised COVID-19 Wage Supplement Scheme launched


In a 5 January 2021 press conference, the government announced details of a revision of the Wage Supplement Scheme, under which COVID-19 business aid will no longer be calculated on the basis of an entity s Statistical Classification of Economic Activities in the European Community (NACE) classification code, but rather on loss of turnover. This is a key change in approach and will likely affect many businesses.
A new method for calculating wage support for businesses hit by the pandemic was announced in the 2021 Budget, relative to which further details were given during the 5 January 2021 press conference. The support level will be calculated according to the difference in turnover declared by businesses over the six months between March 2019 and October 2019 against turnover declared over the six months between March 2020 and October 2020, and will be determined as follows: ....

European Community , Wage Supplement Scheme , Statistical Classification , Economic Activities , Wage Supplement , ஐரோப்பிய சமூக , ஊதியம் துணை திட்டம் , புள்ளிவிவர வகைப்பாடு , பொருளாதார நடவடிக்கைகள் , ஊதியம் துணை ,