Covid Restrictions Support Scheme 3Nov20

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

A qualifying person will be able to make a claim to Revenue under the CRSS for a cash
payment to be known as an “Advance Credit for Trading Expenses”. This payment will
be equal to 10% of their average weekly turnover in 2019 up to €20,000 and 5%
thereafter, subject to a maximum weekly payment of €5,000, for each week that their
business is affected by the Covid restrictions. For businesses established between 26
December 2019 and 12 October 2020, the claim will be based on their weekly average
turnover in the period between the date of commencement and 12 October 2020
(subject to the weekly cap of €5,000)


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