they should be forced to provide audited accounts.
What happens if an employer refuses to pay redundancy?
The employee should first send him Form 77, applying for a redundancy payment. If the employer continues to refuse, but agrees to fill out and sign RP50 (redundancy Certificate), thereby acknowledging the employee's right to a payment, as opposed to actually making the payment, the employee can then apply to Redundancy Payments Section of the Department for payment from the Social Insurance Fund (SIF). If the employer does not even agree to signing Form RP50, then the employee can apply to the EAT. If successful, they can firstly ask the employer again for payment. If he again refuses, they can apply to Redundancy Section for payment from the SIF. (source: DETE FAQ)
Eh? Some 96% of Irish companies are audit exempt.
Not badly worded as far as I can see - audited accounts are just an example of the sort of documentary evidence that may be required:Badly worded in the citizens information website then.
Perhaps it should read that Companies pleading inability to pay may be required to provide audited or unaudited Company accounts as appropriate.
If your employer is unable to pay your redundancy lump sum, he should sign the RP50 and submit a letter from an accountant or solicitor stating he is unable to pay and accepting liability for the 40% owing to the Social Insurance Fund together with documentary evidence such as audited accounts
Badly worded in the citizens information website then.
Perhaps it should read that Companies pleading inability to pay may be required to provide audited or unaudited Company accounts as appropriate.
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