25 Jan Revenue Debt Warehousing Scheme Guidance updated to reflect Level 5 closures
Revenue has updated the Information Booklet on the Debt Warehousing Scheme to reflect the imposition of Level 5 public health restrictions. The examples relating to VAT and Employer (PAYE) debt warehousing have been updated to reflect the revised warehoused periods and applicable interest rates for businesses that have had to close again under the public health restrictions where, for example, the business resumes trading before the end of February 2021.
This Information Booklet previously dealt with both the Debt Warehousing Scheme and the reduced interest rate (3%) Phased Payment Arrangement (PPA) for non-COVID-19 tax debts. The content relating to the 3% PPA has been removed.