Direct Temporary Wage Subsidy (DTWS) is an additional subsidy payment due to certain employees who were in receipt of payments under the Temporary Wage Subsidy Scheme (TWSS).
As the TWSS reconciliation process has been completed by employers, Revenue will calculate the amount of DTWS due to each employee for 2020. The amount due, which is subject to income tax and USC, will be shown on the employee Preliminary End of Year Statement and Statement of Liability for 2020.
Employers should note that DTWS will be offset against any income tax and/or USC liability that the employee may have for 2020. Additionally, some employees may receive an income tax refund from Revenue, depending on the amount of DTWS due for 2020.
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