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COVID-19 Subsidy Update

NOTABLE CHANGES TO SUBSIDIES

From 3pm on 27 March 2020, the COVID-19 Leave Payment is no longer available for employers. This was previously available for employees taking sick leave due to contracting COVID-19.  Applications already submitted will continue to be processed and paid.  Now you just apply for the wage subsidy.

The Government is working on arrangements for those in essential work who require sick leave due to COVID-19.

To keep yourself up to date with changes to the subsidies from the 27th of March visit the government website HERE

WHAT IF MY EMPLOYEE'S NORMAL WAGE IS LESS THAN SUBSIDY?

Further clarification was made by the Finance Minister on 28 March after a press announcement stating; “employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy,” then they can be paid their normal wage amount.

Details on this announcement can be read HERE

NEED TO MAKE CHANGES?

We have heard some payments coming through appear incorrect to what is expected.

We urge you to get in touch with WINZ if you believe your payment is not correct so they can get this rectified.

Also after an initial application, some employees may have been missed or were not included now that the $150,000 cap is removed.

You can make an additional application for any employees you have not previously applied for.

Ensure you have included yourself if you work in the business.

Wage Subsidy Link
Help Line:  0800 40 80 40

Please Note:  They are experiencing high call volumes at the moment so it will take a while to get through to someone.

The Team at Tag is here to help you with your tax and business issues and to keep you up to date with any further important announcements.  Please contact us if you have any questions.