The outstanding debt owned by businesses that availed of Revenue's debt warehousing scheme stood at €1.58 billion this week, according to the tax commissioners in their annual report for 2023.
The outstanding debt owned by businesses that availed of Revenue 's debt warehousing scheme stood at €1.58 billion this week, according to the tax commissioners in their annual report for 2023.
However, companies with an outstanding debt on May 1 are still required to"meaningfully engage" with Revenue to agree a plan for payment of their debt by this date or they will forfeit the zero percent interest rate. "Phased Payment Arrangement applications are being submitted on a constant basis with almost 2,800 agreed since 31 March 2024," the report noted.
Business Revenue Tax Debt Warehousing Scheme Niall Cody
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
55,490 businesses still using Tax Debt Warehousing schemeMinister for Finance Michael McGrath is urging businesses who are using the Tax Debt Warehousing scheme to engage early with Revenue ahead of the May 1 deadline to discuss their individual circumstances and agree arrangements to address their liabilities.
Read more »
Amazon, Google and Microsoft warn State will lose out over data centre plansSeen and Heard: Debt warehousing deadline, Intel grants credits, Budget tax hints, Clerys developer refinancing
Read more »
Report suggests suspending tax veto to tackle EU market ‘distortion’EU report proposing measure to tackle ‘aggressive tax planning’ or tax avoidance
Read more »
Firms urged to engage with Revenue over €1.7bn in warehoused tax debtsTaxpayers have until May 1st to work out a payment plan with the tax authority or repay full amount
Read more »
Atos opens debt restructuring talks after record lossesAtos, the crisis-hit French IT consulting firm whose shares plummeted over the last two years, said it was aiming to restructure its heavy pile of debt by July, paving the way for a potential capital increase to shore up its balance sheet.
Read more »
Controversial landlord Marc Godart ordered to explain apparent non-compliance with High Court directionsApplication over unpaid debt hears separate case involving Godart due before the District Court next week
Read more »