News

Targeted support for the hospitality sector announced

Due to the new public health restrictions imposed on the hospitality sector new supports have been announced.

Following the announcement by An Taoiseach last Friday that new public health restrictions will be imposed on the hospitality sector and indoor events from Tuesday, 07 December to Sunday, 09 January 2022, the Minister for Finance has announced targeted support for the hospitality sector in response to the further public health restrictions imposed on the sector.

The new targeted scheme will be modelled on the COVID-19 Restrictions Support Scheme (CRSS). Businesses that expect their turnover to be below half of what it was in 2019 will qualify for this additional support. The payment will amount to 12% of their turnover for the same week in 2019 up to a maximum weekly payment of €5,000.

More details are to be released this week and we will keep you updated on our website when this happens.

Further announcements this week include:

The COVID-19 Pandemic Unemployment Payment (COVID-PUP) will reopen for applications for workers impacted by the latest restrictions. Details will be announced over the coming days.
Extension of the current targeted commercial rates waiver for the first three months of 2022.
EWSS will continue at its current rates.

Keep an eye on our COVID-19 Knowledge Hub for the latest updates.

Date published 8 Dec 2021 | Last updated 8 Dec 2021

Changes to the COVID-19 Wage Subsidy Scheme

6 months ago

Self employed can access increased Illness or unemployment benefit

6 months ago

Revenue’s TWSS compliance programme – what employers need to know

6 months ago

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?