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Ireland

9 November 2020

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Ireland Announces Launch of Covid Restrictions Support Scheme (CRSS) to Support Businesses Significantly Impacted by COVID-19 Restrictions

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.

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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:

  • CRSS is designed to assist those businesses whose trade has been significantly impacted or temporarily closed as a result of the restrictions as set out in the government’s ‘Living with COVID-19’ Plan
  • the scheme will generally operate when Level 3 or higher is in place and will cease when restrictions are lifted
  • the scheme will apply to businesses where government restrictions prohibit or reduce access by customers to their business premises
  • qualifying businesses can apply to the Revenue Commissioners for a cash payment in respect of an advance credit for trading expenses for the period of the restrictions
  • to qualify under the scheme, a business must be able to demonstrate that, because of the COVID-19 restrictions, the turnover of the business in the period for which the restrictions are in operation, and for which a claim is made, will be no more than 25% of an amount equal to the average weekly turnover of the business in 2019 (or average weekly turnover in 2020 in the case of a new business) multiplied by the number of weeks in the period for which a claim is made
  • the scheme will operate from 13 October 2020 to 31 March 2021 and there is provision for the Minister for Finance to vary aspects of the scheme by Ministerial Order

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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