IRD - COVID-19 Resurgence Support Payment #3
As the lockdown in New Zealand extended, your business may be eligible for the third round COVID-19 Resurgence Support Payment (RSP). Receiving any other Government COVID-19 support does not affect eligibility for the RSP.
You will have to meet the criteria listed here (https://www.strong.co.nz/news/2021/8/18/ird-covid-19-resurgence-support-payment-rsp) in order to apply.
When applying for the 3rd RSP, the start date of the continuous 7-day period where your business or organisation has experienced a drop in revenue must be in the following affected period: On or after 1 October 2021 and immediately before all of New Zealand returns to alert level 1.
This continuous 7-day affected revenue period then needs to be compared against a typical regular 7-day revenue period that starts and ends in the 6 weeks prior to 17 August 2021 (or, for the purposes of organisations that have been in business for 1 month, a typical continuous 7-day revenue period in the 1 month prior to 17 August 2021) to determine whether there has been a 30% decline in revenue.
Applications for the 3rd RSP is available now, you can complete your application within myIR portal.
Please expect the payment will have slightly delay as Inland Revenue is updating their systems between 21 and 28 October.
For more information, please refer to: https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment
We are also able to apply RSP on your behalf,. If you are interested in applying RSP, please don’t hesitate to contact us via celia@strong.co.nz.
Be well and stay safe.