Warehoused tax debt set to cause major problems for companies

The failure of Mac Interiors to convince the High Court to accept its survival plan could be an ominous sign of things to come

The biggest hurdle that Mac Interiors failed to get over was how to repay the more than €13 million it owed the Revenue Commissioners

It is doubtful that many people have heard of Mac Interiors, a Northern Ireland-based firm best known for fitting out the headquarters of some of Ireland’s biggest corporate businesses.

It had a reputation as the best in its field in the construction industry, and many in the industry were shocked that a company of its size was struggling so badly that, early in the summer, it sought the protection of the High Court to keep ...