Put your tax liabilities on ice interest-free

Debt warehousing for businesses affected by Covid-19 has been extended to self-assessed taxpayers, and if you are eligible, it’s worth considering

26th November, 2020
Put your tax liabilities on ice interest-free
Warehousing of tax liabilities is a recent development designed to assist businesses experiencing cash-flow and trading difficulties. Picture: Getty

Just think of the terms we’ve become familiar with this year that we never heard of before – TWSS, EWSS, CRSS and more – and all because of Covid-19.

The Covid Restrictions Support Scheme (CRSS) was enhanced last week. In a press release, the Revenue Commissioners said it opened on November 1 and over €45.5 million had already been issued in payments.

Warehousing of tax liabilities is another recent development designed to assist businesses...

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