The taxman’s view on debt deals
The Revenue Commissioners has received more than 100 requests to participate in debt relief deals, according to figures published in the tax authority’s annual report last week. “Revenue is fully committed to active participation in the new personal
According to the report, its support for any proposed arrangement depends on “honest and open engagement by the parties involved. “Returns must be up-to-date and our participation in an arrangement is conditional on commitment to future timely tax compliance being maintained,” the report said.
The Revenue Commissioners had received 124 formal requests to “participate in the various personal insolvency options” by the end of 2014.
“Of these, we agreed to participate in 63 ...
