Revenue advise that businesses can now apply for CRSS
Details of the proposed Covid Restrictions Support Scheme (CRSS) were published in the Finance Bill 2020. Pending enactment of the necessary legislation Revenue has today, 3 November 2020, advised that registration for the scheme is now available to eligible businesses, or the tax agent acting on their behalf, via the e-Registration facility in ROS, with over 700 businesses already registered.
Under the CRSS, a qualifying person who carries on a business activity that is impacted by Covid-19 related restrictions, such that the business is required to prohibit or considerably restrict customers from accessing its premises, can make a claim to Revenue for a payment, subject to a maximum of €5,000, for each week that it is affected by the restrictions.
The weekly payment will be calculated by reference to the average weekly turnover for 2019 in respect of the relevant business activity as follows:
10% of average weekly turnover in 2019 up to €20,000
5% of average weekly turnover in 2019 in excess of €20,000
subject to a maximum of €5,000.