9 November 2020
On 6 November 2020, Irelands Department of Finance announced the launch of the Covid Restrictions Support Scheme (CRSS), which provides support for businesses that are forced to temporarily close or to operate at significantly reduced levels because of COVID-19 restrictions that either prohibit, or significantly restrict, customers of the business from accessing the premises in which the business is carried on.
Government launches the Covid Restrictions Support Scheme (CRSS) to support businesses significantly impacted by COVID-19 restrictions
The Minister for Finance, Paschal Donohoe TD and the Minister for Media, Tourism, Arts, Culture, Sport and the Gaeltacht, Catherine Martin TD have today (Friday) launched the Covid Restrictions Support Scheme (CRSS).
Eligible businesses can now register for the scheme on the Revenue Online Service (ROS). The registration process will include providing details such as the location of the business and average weekly turnover for 2019. The claims process will be available from mid-November. Once they have registered, a taxpayer will be able to make a claim for the period their business is limited from operating due to public health guidelines and restrictions.
The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the government under public health regulations to combat the effects of the COVID-19 pandemic.
The details of the scheme have been published in the Finance Bill 2020 and the key features of the scheme are:
Revenue have published an overview of the scheme with some detailed examples, together with guidance on the operation of the scheme on www.Revenue.ie.
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