The CRSS will provide support for companies, self-employed individuals and partnerships that have had to prohibit or substantially restrict customers from accessing their business premises because of Covid-19 restrictions.
To qualify under the scheme, a business must be able to demonstrate that its projected weekly turnover during the restriction period is down by at least 75% on the average weekly turnover for the prior calendar year because of the restrictions. There are number of other qualifying requirements which are detailed in the Revenue CRSS Guidelines.
To make a claim you must first register via ROS (applications are now open), then complete a claim for a claim period (or periods), hold an up to date tax clearance certificate and have complied with your VAT obligations. The scheme will operate from 13th October 2020 to 31st March 2021 and names of claimants under the scheme may be published at a later date.
You must retain the books and records used to calculate your eligibility for the scheme as Revenue will be undertaking compliance checks and there are severe penalties for ineligible or overstated claims.
If you have any queries or require assistance in relation to the above please do not hesitate to contact us on 074 93 21 420 or email@example.com.