TWSS reconciliations now available on ROS

TWSS reconciliations now available on ROS

Almost one year after the introduction of the Temporary Wage Subsidy Scheme (TWSS), Revenue is now ready to commence the final part of the TWSS reconciliation process. Most employers and their tax agents are now able to view a TWSS reconciliation summary which will show if any amounts are owed to Revenue or the employer.

In addition to the summary, Revenue will be making a detailed TWSS Reconciliation CSV file available to employers which will include a complete record of the TWSS related payslips and how they have been reconciled.

Employers will have until the end of June 2021 to review their reconciliation and correct any mistakes that have been made in the reporting of their TWSS payslips. Employers should use this time to study their reconciliation in detail before finalising the reconciliation with Revenue.

Once the employer is satisfied with the final balance, they will be able to accept the reconciliation calculation and Revenue will either collect any amount owed or pay any amounts due to the employer.

Accountancy Ireland have provided this guide.

Follow this link to Revenue Guidance.