Commercial Rates Waiver Ireland Quarter 1 2021
The Department of Housing, Local Government and Heritage released information in relation to the waiver of commercial rates due to COVID-19 restrictions for Quarter 1 2021 A three-month waiver will apply to eligible businesses and will take the form of a credit in lieu of rates The value of the waiver is the equivalent value […]
Fáilte Ireland Tourism Business Continuity Scheme (TBCS)
On 1st February 2021, Fáilte Ireland announced details of a new €55 million Tourism Business Continuity Scheme, which is intended to support those tourism businesses that were not eligible for Covid Restrictions Support Scheme (CRSS) payments or previous Fáilte Ireland continuity grant schemes – TBCS is aimed at helping eligible tourism businesses offset their fixed costs and […]
COVID-19 Business Aid Scheme (CBAS)
On 9th February 2021, Government announced measures worth €160 million to assist businesses during the pandemic. Included in these measures will be a €60 million COVID-19 Business Aid Scheme (CBAS). The aim of CBAS is to provide grants to businesses who are ineligible for other Government financial pandemic schemes such as; 1) Covid Restrictions Support […]
July Stimulus Package – VAT Rate Reductions
– As part of July Jobs Stimulus Package, there will be a six-month reduction in the standard rate of VAT from 23% to 21%, from 1st September 2020 to 28th February 2021. July Stimulus Package – Vat rate reduction from 13.5% to 9% – The VAT rate for the tourism and hospitality sector will drop […]
Employment Wage Subsidy Scheme – Key Points for Employers
The COVID -19 Temporary Wage Subsidy Scheme (TWSS) will cease on 31st August 2020 and will be replaced by the new Employment Wage Subsidy Scheme (EWSS) which will come into effect on 1st September 2020 and run until 31st March 2021. There are 2 elements to the EWSS: a) Qualifying employers can claim back a […]
€1,000 Sole Trader / Self-Employed Enterprise Support Grant COVID-19 support for Micro-Enterprises
The Grant applies to those self-employed individuals that do not pay commercial rates and hence did not qualify for the initial Restart Grant Plus Scheme The Grant is a once-off support for self-employed individuals who have been severely impacted and have had to cease operations as a result of the pandemic and have since reopened […]
Audit Exemption for Small Companies & Micro Companies
A small company is a company that meets two of the three following criteria; Balance sheet total does not exceed €6m Turnover does not exceed €12m Number of employees does not exceed 50 A micro company is a company that meets two of the three following criteria; Balance sheet total does not exceed €350,000 […]
