The Compensation for Occupational Injuries and Diseases (COID) Act requires all employers to submit a declaration, known as a Return of Earnings (ROE) or W.As.8, of annual earnings to the Compensation Fund each year. This amount, combined with the category in which the business is registered, will determine the amount payable by the employer to the Compensation Fund.

The deadline for submitting the ROE is officially 31 March each year; however, in practice, this is generally extended to 31 May.

Once they have submitted their ROE, employers are issued with a Notice of Assessment / Invoice (W.As.6). This indicates the amount owing to the Compensation Commissioner based on the salary information contained in the ROE.

An annual earnings threshold applies to each employee, which indicates the maximum amount of an employee’s earnings that the OID contribution can be calculated on. This threshold changes annually.