Wednesday April 1, 2020

Businesses cannot engage in fiscal distancing

For many companies facing tax bills this week, the advice is simple: make sure your Vat return is made to the Revenue, and that your PAYE is up to date

22nd March, 2020
There are two fundamental aspects to tax compliance – the payment and the tax return Picture: iStock

We are all struggling to become used to social distancing, but there is no such thing as fiscal distancing. When almost nothing else works as normal, the tax system does. The additional burdens which coronavirus is placing on the exchequer, due to increased social welfare payments and emergency care measures, will not be offset by tax revenues – in fact, quite the opposite.

While often it is the tax paid (or not paid) by wealthy...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Revenue moves to reassure businesses over scheme as Eurogroup president calls for EU rescue plan for Spain and Italy

Aaron Rogan | 7 hours ago

National system to be introduced in May would have meant higher bills for more than 100,000 businesses

Michael Brennan | 9 hours ago

A moratorium on rent and mortgage interest would stop emergency measures having a disproportionate effect on businesses

Donnchadh Woulfe | 11 hours ago