Grant Robertson looking at extra lockdown support, but doesn't yet see the need stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Government opens Covid-19 resurgence support to help businesses cover costs stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
New Covid-19 resurgence business support scheme announced
A new Resurgence Support Payment will be available to businesses if New Zealand has to move to alert level 2 or above for a week or more.
It is designed to support sectors like hospitality and events, which face particular disruptions as alert levels change.
Finance Minister Grant Robertson said it recognised that some businesses face one-off costs or impacts to cashflow when we step up an alert level to follow public health advice . The payment is structured to provide most support to smaller firms who are most likely to face cashflow issues but will be available to all businesses and sole traders.
Source: New Zealand Government
The Government is putting in place support for affected businesses in case there is a resurgence of COVID-19.
âWe want to provide certainty to businesses and workers about what support will be available in the event of a resurgence of COVID-19,â Grant Robertson said.
âThis includes a new Resurgence Support Payment is being introduced to help businesses directly affected when thereâs a move to Alert Level 2 or above for a week or more. This will particularly help sectors like hospitality and events, who face particular disruptions as Alert Levels change.
âThis recognises that some businesses face one-off costs or impacts to cashflow when we step up an Alert Level to follow public health advice. The payment is structured to provide most support to smaller firms who are most likely to face cashflow issues but will be available to all businesses and sole traders.â
15th Dec 20, 8:14am
Terry Baucher
This is the last podcast for the year so we will be taking a look back over the main tax stories for 2020. It’s no surprise that the response to COVID-19 will feature very heavily but looking back the thing that stands out is how rapidly events developed and then the sheer scale of what we were dealing with.
In the podcast on Friday 16th March, I suggested some actions Inland Revenue could take in response to coronavirus following a week in which first Italy then the UK and finally Australia announced special measures throwing around huge sums of money. By the following Friday we had the