Revenue debts require immediate attention

Of all the debts that a company or, indeed, an individual can have, those owed to the Revenue are arguably the least desirable. Of course, all things being equal, these debts will have been paid in full and on time.

21st February, 2009

Of all the debts that a company or, indeed, an individual can have, those owed to the Revenue are arguably the least desirable. Of course, all things being equal, these debts will have been paid in full and on time. But where a debt to the Revenue is allowed to accrue, it will have to be paid together with interest in full and generally with penalties added.

‘‘The Collector General has said that the Revenue...

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