Revenue has issued a reminder to businesses significantly impacted by the public health restrictions that came into effect on 20 December 2021 of the supports that are available to them along with details about how they can be accessed. Last week’s edition of Chartered Accountants Tax News looked at the detail of the changes made to the EWSS, CRSS and Debt Warehousing scheme.
The Employment Wage Subsidy Scheme (EWSS) was re-opened to certain employers that previously correctly claimed EWSS support but may have deregistered from the scheme earlier in 2021 as they were no longer eligible. Guidelines on how employers can re-enter EWSS can be found on Revenue.ie.
The Covid Restriction Support Scheme (CRSS) is available for businesses in the hospitality and indoor entertainment industry who are significantly impacted by the requirement to close at 8pm each night until 31 January 2022. Updated guidance on the CRSS is available.
The tax Debt Warehousing scheme has been extended by three months to the end of 31 March 2022 for taxpayers eligible for the COVID-19 support schemes. This means that tax debts arising for such businesses in the first three months of 2022 can now be warehoused. Revenue has also confirmed that November/December VAT liabilities and December PAYE (Employer) liabilities will be automatically warehoused for those businesses already availing of the scheme.
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