Covid Support Payment (CSP) information

16 March 2022
TECNZ has provided this information to assist with applications to Covid Support Payment CSP

The 2nd Covid Support Payment (CSP) opened at 8am 14 March 2022, and a 3rd CSP will open on 8am 28 March 2022. All applications are through myIR and close 5 May 2022.

All CSPs have end dates to 4th April 2022. 7-day period refers to 7 consecutive days (7 days in a row).

CSP 1: OPEN - please note - the end date has been extended (so if you couldn't apply initially, do a recalculation within the new date ranges)

  • Revenue Period: 7-day period any time between 16/02/2022 to 04/04/2022
  • Comparator Period: 7-day period any time between 05/01 to 15/02 in either 2021 or 2022

CSP 2: OPENS 8am 14 March 2022

  • Revenue Period: 7-day period any time between 07/03/2022 to 04/04/2022
  • Comparator Period: 7-day period any time between 05/01 to 15/02 in either 2021 or 2022

CSP 3: OPENS 8am 28 March 2022

  • Revenue Period: 7-day period any time between 21/03/2022 to 04/04/2022
  • Comparator Period: 7-day period any time between 05/01 to 15/02 in either 2021 or 2022

Businesses must show their revenue is 40% lower in the revenue period compared to the comparator period i.e. you want revenue for the LOWEST 7-days in the REVENUE period and revenue for the HIGHEST 7-days in the COMPARATOR period.

PLEASE NOTE - as the revenue test period goes to 4th April, you still need to base your revenue on what HAS happened i.e. you cannot use future figures. Don't forget - you must meet the criteria to apply - there is more to it than just a 40% decline!

www.ird.govt.nz/covid-19/business-and-organisations/covid-19-support-payment

ALSO NOTE: the 'top up' (increase from 10K to 20K + 1800 per FTE) to the SMALL BUSINESS CASHFLOW SCHEME (SBSC) will open on 21 March.

To make this change the current application process will close 5pm on 18 March and reopen again 8am on 21 March.

Here’s a helpful link www.ird.govt.nz/covid-19/business-and-organisations/sbcs

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