BRSS Guidelines: Update
The BRSS is a targeted support for businesses who have been significantly impacted by the restrictions introduced by the Government of Ireland under public health restrictions relating to Covid-19 and in particular those businesses that continued to be impacted even after the easing of restrictions.
Some key features of the BRSS are as follows:
· The BRSS is a single payment based on a percentage of your weekly turnover for 2019. There is a maximum payment of €15,000.
· You will be eligible to apply for the BRSS if your turnover has been reduced by 75% in the period of (1 September 2020 to 31 August 2021) compared with 2019. You can still apply for the BRSS if you have previously availed of other Covid-19 Government support schemes.
· You can apply to Revenue to make a claim for the BRSS between 1 September 2021 and 30 November 2021.
· Companies, self-employed individuals, partnerships and certain charities can also apply for the BRSS.
Eligibility criteria for this scheme:
In order to avail of this payment you must be able to display a significant reduction in turnover during the period of 1 September 2020 to 31st August 2021 when compared with 2019 which is the reference period.
To be eligible for the BRSS you must meet the following:
· Have a valid tax clearance certificate.
· Have met your VAT obligations.
· Be actively trading.
· Be ineligible to make a CRSS claim for any week that includes 1 September 2021.
Additions and clarifications have been recently made to the BRSS since the last guidelines were issued on 7 July 2021. Please see the list of amendments below:
· Because ACTE payments are calculated on a per trade basis the €15,000 maximum ACTE payment also applies on a per trade basis. This means that a qualifying person carrying on multiple trades may, depending on turnover levels from the trades, and subject to meeting the eligibility criteria, qualify for the maximum ACTE amount in relation to each qualifying trade.
· The registration stage for the BRSS opened in early September, further details are provided on Revenue.ie .
It is necessary to register for the BRSS via the eRegistration system on the ROS. In the case of a partnership, registration can only be made by the precedent partner, on behalf of a partnership. The precedent partner will register under the tax reference number of the partnership trade.
As part of the registration process, the person will be required to provide certain details in respect of themselves and the trade or trades carried on by the person.
The following is required to be provided for the purposes of the BRSS registration:
· Trade Name,
· Address including Eircode,
· Trade sector,
· Nature of the trade,
· Indicate the commencement date of the trade,
· Confirmation required if the registration is on behalf of a Partnership,
· Details of the Reference Turnover Amount for the trade, which will be based on a 52-
week extrapolation of the average weekly turnover from the trade for a defined period
of time (i.e. the average weekly turnover x 52), with the period of time over which the
average weekly turnover of the trade is determined depending on when the relevant
business activity commenced:
· For businesses which commenced prior to 26 December 2019 – the reference turnover amount is 52 times the average weekly turnover from the trade for the period commencing on 1 January 2019 (or, if later, the date the business commenced) and ending on 31 December 2019 (this means in the case of a
trade that was established on 1 January 2019 or earlier, the reference turnover amount will be the turnover of the trade in 2019),
· For businesses which commenced on or after 26 December 2019 but on or
before 9 March 2020 – the reference turnover amount is 52 times the average weekly turnover of the trade for the period commencing on the date that the business activity commenced and ending on 15 March 2020,
· For businesses that commenced on or after 10 March 2020 but before 26 August 2020 – the reference turnover amount is 52 times the average weekly turnover of the trade for the period commencing on the date that the business activity commenced and ending on 31 August 2020.
· VAT in respect of T1 on VAT 3 (i.e. VAT on sales) for the above-mentioned comparable periods,
· Income other than trading Income for the reference turnover period
· Turnover amount of the relevant business activity, for the specified period of 1 September 2020 to 31 August 2021.
For any questions on BRSS or assistance with making a claim please contact [email protected]