Ireland: Extended subsidy and support in “Spring Finance Bill” (COVID-19)

“Spring Finance Bill” provides a legislative basis for the extended and increased supports announced by the government

“Spring Finance Bill” provides a legislative basis for extended and increased support

The “Finance (Covid-19 and Miscellaneous Provision) Bill 2022” (referred to as the “Spring Finance Bill”—published 4 March 2022) provides a legislative basis for the extended and increased supports announced by the government when public health restrictions were reintroduced in December 2021 as well as supports announced in January 2022 as businesses reopened. These include amendments to:

  • The employment wage subsidy scheme (EWSS)
  • The COVID restrictions support scheme (CRSS)
  • The tax debt warehousing scheme
  • The application of the waiver of excise duty for special exemption orders for late licenses from 26 January until 30 April 2022

The bill also addresses a small number of other measures such as the tax-free nature of the pandemic recognition payment and stamp tax (duty) changes to provide for a partial repayment scheme for properties designated as cost-rental dwellings.

Read an March 2022 report [PDF 1.4 MB] prepared by the KPMG member firm in Ireland

 

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