merrion street

The Minister for Finance, Paschal Donohoe, T.D., has today (Monday) announced that the Business Resumption Support Scheme (or BRSS) is now open for registration on Revenue Online Service’ (ROS). 

The BRSS is a new support scheme for businesses with reduced turnover as a result of public health restrictions. Qualifying businesses will be able to apply to Revenue for a cash payment, representing an advance credit for trading expenses that are deductible for income and/or corporation tax purposes.  Payments will be calculated on the basis of 3 weeks at 10% of the first €1m in turnover per week and 5% thereafter, based on average VAT exclusive turnover for 2019, and will be subject to a maximum payment of €15,000.   Businesses will be required to have tax clearance and payment will be conditional on the business actively trading on 1 September with an intention to continue to trade. 

The BRSS is a general scheme and is open to any businesses whose turnover remains impacted as a result of public health restrictions.   Businesses who previously availed of other schemes such and SBASC and the Tourism Business Continuity Scheme for example as well as CRSS will be eligible to apply provided they meet the qualifying criteria. 

However, businesses eligible for the CRSS on 1 September 2021 will be paid the CRSS and will not be eligible for the BRSS. They may also be eligible for “restart weeks” under the CRSS.