Latest statistics for CRSS indicate lower costs than expected

Jan 25, 2021

To date 18,600 businesses have registered 21,400 premises for the COVID Restrictions Support Scheme (CRSS) which is administered by Revenue. 50,800 claims for CRSS payments of €221.5 million have been made based on the latest statistics released on 21 January. The Government originally estimated that the CRSS would cost €40m for every week of nationwide Level 3 restrictions.  Chartered Accountants Ireland, under the auspices of the CCAB-I, wrote to Minister Donohoe calling for the CRSS to be available to more businesses suffering financial difficulties due to COVID-19 restrictions. 

Starting from 17 November 2020, an eligible business, if registered with Revenue for CRSS and who carries on a business activity from a premise located in a region subject to COVID-19 related restrictions, can make a claim for payment under the CRSS. Currently the support is only available to a  business required to prohibit or considerably restrict customers from accessing their business premises as a result of the restrictions. For full details of the cost and reach of the CRSS to date, please see here.