Insights

Tax Debt Warehousing Arrangement Update

Businesses with warehoused debt must either clear that debt or enter into a phased payment arrangement by 1 May 2024.  Businesses will be able to avail of the reduced 3 percent interest rate from 1 January 2023, as opposed to the general interest rate of 10 percent.

Revenue has published an update – Link:  https://www.revenue.ie/en/starting-a-business/paying-your-tax/debt-warehousing/index.aspx

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