Galway businesses which continue to be impacted by public health restrictions have been urged to apply for a new support scheme that offers a once-off cash payment to help with the cost of resuming trade.
The Government’s Business Resumption Support Scheme will provide advance tax credits for trading expenses in the form of cash payments to eligible businesses. It applies to enterprises whose turnover was reduced by at least 75 per cent between September 2020 and the end of August 2021.
.
The payments will be calculated on the basis of three weeks at 10 per cent of the first €1 million in turnover per week and five percent thereafter, based on average turnover excluding VAT for 2019, subject to a maximum payment of €15,000.
Businesses that previously availed of other support schemes – such as the SBASC, the Tourism Business Continuity Scheme, and the CRSS – will be eligible for the BRSS subject to other qualifying criteria.
Businesses do not require a physical premises, so taxi drivers, on-course bookmakers, wholesalers and suppliers who were not eligible for CRSS can benefit under this scheme provided they meet the other criteria.
.
The scheme will be administered by Revenue and will remain open for applications until November 30. Fine Gael Galway West TD, and Minister of State, Hildegarde Naughton [pictured above], called on impacted local enterprises to apply for the scheme.
“Individuals, families and enterprises have all made enormous sacrifices in the national effort to suppress the spread of Covid-19 since the start of the pandemic,” she said. “It’s vital we do everything we can to support them.”
