Can your business claim the BRSS?
In this newsletter, we look at the new BRSS and what businesses are eligible to make a claim. At the end, you’ll also find a sample calculator to calculate how much you can claim.
To claim BRSS, you must self-declare to Revenue that the business is actively trading and intends to continue to do so and is up to date with all VAT obligations.
Another key point is that the business has not claimed the CRSS for any week that includes the 1st September 2021.
The business must have been commenced no later than 26 August 2020.
Who and when can I claim?
Companies, sole trader or partnerships, charities and approved sporting bodies.
Turnover of the business fro the period 1 September 2020 to 31 August 2021, will be no more than 25% of 2019 turnover or reference turnover amount if established after 26th December 2019.
A claim for the BRSS must be made through ROS and should be made no later than 30 November 2021.
To register and make a claim, this can be done through the ROS system which is now open.
Please download our FREE excel calculator that has sample figures to show you how these calculations work.