Tom Maguire: Why there’s a need for speed when it comes to debt warehousing

May 1 is the deadline for businesses who have availed of the tax debt warehousing scheme to engage with Revenue on this matter

Businesses availing of the tax debt warehousing scheme need to engage with Revenue prior to May 1, 2024. They have until then to either pay their debt in full, or agree a personalised phased payment arrangement

Readers may recall my columns in these pages amid the depths of the Covid-19 pandemic where I started referring to that period of history as the Jurassic economy, because certain forms of trading stopped during that stretch.

That period seems so far away now, and yet the effects continue to be felt. The shuttering of vast sections of the economy led to unpaid tax bills with a related inability to pay. Debt warehousing provisions were ...