Questions and Answers

Will the COVID-19 Business Aid Scheme (CBAS) help me?

I haven’t been able to access any of the government schemes to date and I have just heard about a new one, might I qualify?

A new scheme called the COVID-19 Business Aid Scheme (CBAS) has just been launched and it is aimed at firms who to date have not been eligible for the COVID-19 Restrictions Support Scheme (CRSS).

You can claim the CBAS if you are a business that has not shut your premises completely to the public but you have been affected negatively by COVID-19 and your turnover is down by at least 75%. So, for example, if you are a caterer or wholesaler who supplies to restaurants and you are still open but in a very limited way you should qualify for a grant of €8,000.

You will apply for this grant online via your local authority and we will publish further details as soon as they are announced.

Keep an eye on our COVID-19 Knowledge Hub for the latest news and information.

Date published 9 Feb 2021

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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