elacsaplau
Registered User
- Messages
- 892
To qualify for the scheme, employers must:
The above is per the Revenue's website. My question is if a company is unable to pay wages, does this mean that the company is insolvent and must cease trading as an insolvent company must cease trading?
- be experiencing significant negative economic disruption due to Covid-19
- be able to demonstrate, to the satisfaction of Revenue, a minimum of a 25% decline in turnover
- be unable to pay normal wages and normal outgoings fully and
- retain their employees on the payroll.
The above is per the Revenue's website. My question is if a company is unable to pay wages, does this mean that the company is insolvent and must cease trading as an insolvent company must cease trading?