companies

Enterprise Ireland: Many businesses worried about warehoused tax debt deadline

Firms owed €1.75 billion in warehoused debt from the Covid-19 pandemic by the end of 2023

Last October, the Revenue extended the date for the repayment of businesses’ warehoused debt from 1 January 2023 to 1 May 2024. Picture: Fergal Phillips

A number of Enterprise Ireland-backed companies have expressed concerns about the approaching deadline to repay warehoused debt to Revenue, according to the head of the state agency.

At the end of last year businesses owed €1.75 billion in warehoused debt from the Covid-19 pandemic. Businesses have until May 1 to make arrangements to repay their warehoused debt, with around 69 per cent of businesses owing less than €5,000.

“There are there are quite a few ...