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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.
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Covid-19 Business Supports
These range of supports from a variety of sources have been put in place to help businesses of different sizes cope with cashflow issues posed by the Covid-19 restrictions, and to assist them in getting opened up again during their appropriate phase.
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Covid-19 Restart Grant
The Government has announced a new €250m Restart Grant, which will give direct grant aid to micro and small businesses to help them with the costs associated with reopening and reemploying workers following COVID-19 closures.