Covid-19 Financial Support Update – 30 Sep 2021
Wage Subsidy August 2021 #4
Applications for another round of COVID-19 Wage Subsidy August 2021 are open for two weeks from 9 am Friday 1 October 2021 (Tomorrow).
Your business needs to meet the eligibility criteria and agree to meet the obligations in the declaration to be able to get a COVID-19 Wage Subsidy August 2021 payment. It’s available to all New Zealand businesses and self-employed people that meet eligibility criteria.
The full eligibility details and obligations are set out in the declaration, which you must read and agree to when you apply for a COVID-19 Wage Subsidy August 2021 payment. (Declaration)
For more info, please click HERE.
Applications for a 2nd payment under the RSP can be submitted from 17 September 2021 at 8 am.
Businesses will need to show a 30% or more drop in revenue in a 7-day period from 8 September until immediately before all of NZ returns to Alert Level 1 compared to a typical 7-day period in the 6 weeks before 17 August.
The payment will stay as $1,500 plus $400 per full-time equivalent (FTE) employee up to a maximum of 50 FTEs, or four times the actual revenue decline experienced by the applicant, whichever is less.
Applications for the second payment can be submitted from 17 September on Inland Revenue’s website, www.ird.govt.nz.
Businesses and organisations will be able to apply for the second payment even if they have received the first payment.
If you have any questions or need help with these applications, please feel free to contact us.
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