New Covid Restriction Support Scheme (CRSS) Launched

Revenue has said that eligible businesses can now register for the Covid Restrictions Support Scheme (CRSS), which was announced in last month's Budget. 

Under the CRSS, a business that is impacted by Covid-19 related restrictions - including closure - can make a claim to Revenue for a payment for each week that it is affected by the restrictions. 

The payment is subject to a maximum of €5,000. 

Details of the proposed Covid Restrictions Support Scheme (CRSS) were published in the Finance Bill 2020. 

Revenue said that pending enactment of the necessary legislation, 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.

It said that over 700 businesses had already registered for the scheme.

To register for CRSS, a business must make a declaration that it meets the eligibility criteria for the scheme, have tax clearance as well as provide certain information in relation to the business activity, the business premises and previous turnover details.

Revenue said the weekly payment will be calculated by reference to the average weekly turnover for 2019. It will be calculated on 10% of average weekly turnover in 2019 up to €20,000, or 5% of average weekly turnover in 2019 in excess of €20,000 - subject to a maximum of €5,000.

It also said that registration for CRSS is a necessary first step for businesses to access the scheme. 

A claim portal for CRSS will be available via the eRepayments system on ROS from the middle of the month, it added. 

Full details on the scheme are at this link :