The Government plans to launch a new financial support scheme for businesses that have seen their revenues devastated by Covid-19 lockdown restrictions but don’t qualify for the Covid Restrictions Support Scheme (CRSS). The CRSS is available to businesses that were required to prohibit or considerably restrict customers from accessing their business premises as part of Covid-19 restrictions. On the new support scheme for companies not eligible for CRSS, Mr Varadkar said: “We’re fine-tuning the details but that will go to Cabinet next week. It will be run by my department and local authorities.”GrantMr Varadkar said it would operate as a grant rather than a tax credit, as applies to the CRSS scheme. These decisions formed part of discussion at the Cabinet’s economic subcommittee on Thursday, attended by senior Ministers and Taoiseach Micheál Martin.

Source: The Irish Times February 06, 2021 05:01 UTC