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EWSS and PUP under Level 5 Restrictions
An Taoiseach, Micheál Martin, confirmed that improvements to the Pandemic Unemployment Payment (PUP) and the Employment Wage Subsidy Scheme (EWSS) would be made to take account of the current Level 5 restrictions. These improvements take the form of a new payment structure for the PUP and a change to payment rates under the EWSS. The frequency of EWSS payments is also accelerated, to align subsidy payments with the employer’s payroll frequency.
Covid Restrictions Support Scheme
In his Budget speech on 13 October 2020, the Minister for Finance announced his intention to introduce the Covid Restrictions Support Scheme (“CRSS”) as an additional support for businesses subject to significant Covid-19 restrictions.
Budget 2021 Highlights
The Ministers for Finance and Public Expenditure & Reform, Paschal Donohoe and Michael McGrath presented their Budget speeches on Tuesday 13th October 2020. The following changes were announced and are due to take effect from 1st January 2021, unless otherwise stated.
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Extension of Pay & File Deadline for ROS Customers
In recognition of the challenges being experienced by businesses and tax practitioners arising from the COVID-19 crisis, Revenue today (17 September 2020) announced a four week further extension to the Pay & File deadline for self-assessment income tax customers and for customers liable to Capital Acquisitions Tax (CAT).
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Failte Ireland COVID-19 Adaptation Fund
Failte Ireland have launched their Covid-19 Adaptation Fund. This is a Fund to support tourism and hospitality businesses who have incurred adaptation costs in order to re-open safely in line with the Fáilte Ireland Guidelines for Re-Opening.
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Enterprise Support Grant
The Minister for Employment Affairs and Social Protection, Regina Doherty announced that her Department’s Enterprise Support Grant will be made available to assist self-employed recipients who are exiting the Pandemic Unemployment Payment (PUP) scheme with a once-off grant of up to €1,000 to re-start their business.