COVID Support Update

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COVID Support Update

A quick update from Inland Revenue:

 A 2nd COVID-19 Support Payment (CSP) will open on 14 March and a 3rd payment will open on 28 March.

 The period of time each CSP covers are:

  • For the 1st CSP, businesses will need to show their income is 40% lower in a 7-day period any time between 16 February 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021 or 2022.
  • For the 2nd CSP, businesses will need to show their income is 40% lower in a 7-day period any time between 7 March 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021 or 2022.
  • For the 3rd CSP, businesses will need to show their income is 40% lower in a 7-day period any time between 21 March 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021 or 2022.
  • The option for business to compare their income drop to a typical week in 2021 will be available from 14 March.

Small Business Cashflow Scheme 'top up' Loan

 Applications for the 'top up' loan to the Small Business Scheme open on 21 March.

To make this change, the current application process will close at 5pm on 18 March and reopen at 8am on 21 March. For more information click 

 If you have any question or would like further advice, please don't hesitate to contact us.

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