Companies
Revenue may call in sheriffs to collect up to €500m of business debt
End of Covid-19 tax warehousing scheme has raised fears over viability of many firms
Revenue could move to collect as much as half a billion euro of bad debts from thousands of struggling firms over the next six months.
Figures obtained by the Business Post show that Revenue is currently pursuing more than €830 million of unpaid debts.
According to sources with knowledge of the matter, this includes nearly €420 million classed as “under demand” by the Revenue, the stage at which the tax authority sends letters to the ...
