Tax

Time is running out to engage with Revenue on the tax debt warehousing scheme

With the May 1 deadline looming, it’s time to take action before it’s too late

The debt warehousing provisions were brought about as a result of Covid-19

If tax debt warehousing is an issue affecting your business, time really is of the essence when it comes to engaging with Revenue.

The debt warehousing provisions which were brought about as a result of Covid-19 allowed certain tax liabilities to be frozen until a future date. They allowed businesses to temporarily defer payment of Vat and employer PAYE, certain income tax liabilities, and temporary wage subsidy scheme (TWSS) and employment wage subsidy scheme (EWSS) ...