Covid-19: Where do we stand?

The scale of the pandemic was unexpected and the last two months have been difficult for many and tragic for some. The situation we face is one we cannot change. We must accept that, and it is the same for everyone – we know because our business depends on you. What you can do is […]

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Help for specific industries during the Covid-19 pandemic

The Government has announced packages of assistance to sectors of industry and commerce that have been most badly affected by Covid-19. Manufacturing and international services A €180m Sustaining Enterprise Fund for firms with 10 or more employees in the manufacturing and international services sectors to be operated by Enterprise Ireland, providing advances of up to €800,000 […]

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Cash flow supports for businesses during the pandemic

A variety of other supports for businesses affected by COVID-19 have been made available by the State and State agencies. Pandemic Stabilisation and Recovery Fund A €2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment Fund (ISIF), will make capital available to medium and large companies on commercial terms. You can get […]

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General help for businesses in Ireland during lockdown

The Government has introduced a number of measures to assist businesses reduce their operational costs. Waiving of commercial rates Rates due to local authorities from the most immediately impacted businesses – primarily in the retail, hospitality, leisure and childcare sectors, are waived (previously deferred) for a 3 month period beginning on 27 March for businesses that […]

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Improve VAT cash flow

Covid-19 measures to help businesses improve VAT cash flow

In light of the Government’s recent financial measures implemented for businesses, we have summarised below some practical steps businesses may take to improve VAT cash flow. Deferral of VAT liability and acceleration of VAT refunds Revenue has indicated that interest will be suspended in relation to the late payment of the January February and March […]

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