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Debt warehousing scheme to be relaxed to help businesses ‘remain in operation’, finance minister says
Michael McGrath said the government was working on a series of changes to the scheme ahead of the looming repayment deadline of May 1
The rules around the debt warehousing scheme are to be relaxed to help businesses struggling with Covid-19 era debt, the finance minister has announced.
Michael McGrath said he was “anxious to ensure” that “viable businesses are supported” as the May 1 deadline for repaying the tax approaches.
“We’re working with the Revenue Commissioners on a number of specific aspects to the tax warehousing scheme which has worked well to date, but we recognise that for ...