Covid Restrictions Support Scheme (CRSS)

Revenue has issued a guidance document on the new Covid Restrictions Support Scheme (CRSS) with an overview of the scheme and some examples.

The main eligibility criteria:  where, as a result of the restrictions under Level 3, 4 or 5, a business has been required to temporarily shut their premises or operate at significantly reduced levels, with the result that turnover for that period will be no more than 25% of the average weekly turnover in 2019 for the same number of weeks.

The relief will operate as a cash payment equal to 10% of the average weekly value of the 2019 business’s turnover up to €20,000 and 5% thereafter, subject to a maximum weekly payment of €5,000, for the same number of weeks as the restricted period.

The Scheme will run from 13 October 2020 until 31 March 2021.