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IAS20 Wage Subsidy Schemes

RuthC120 · 2021-02-08 23:25:23

Has anyone any guidance on IAS 20 and the TWSS/EWSS? I believe that any wage subsidy received should be recorded as "other income" in line with the period to which the wage expenses relate as per IAS 20. My question is under the new EWSS in addition to a subsidy there is also a reduction in PRSI. Is this reduction recorded…

09-02-2021 12:25am

#1

RuthC120

Registered Users Posts: 2 ✭

Join Date: January 2021

Posts: 0

Has anyone any guidance on IAS 20 and the TWSS/EWSS? I believe that any wage subsidy received should be recorded as "other income" in line with the period to which the wage expenses relate as per IAS 20. My question is under the new EWSS in addition to a subsidy there is also a reduction in PRSI. Is this reduction recorded under "other income" also?
TIA

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