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Late taxes put Covid payments at risk for up to 4,500 companies


About 4,500 businesses are at risk of losing pandemic subsidies worth €40m a month as well as access to Revenue’s debt warehousing because of failure to file tax returns on time.
Revenue is writing to the 70,000 businesses availing of the debt warehousing scheme to remind them to file outstanding returns and bring their tax affairs up to date to continue participating.
While most businesses are complying with the requirement, a significant number are behind on their tax filings.
Of those, approximately 4,500 are still regularly submitting claims for support under the Employment Wage Subsidy Scheme (EWSS) and/or the Covid Restrictions Support Scheme (CRSS) seeking financial support from the State. Subsidy payments of €40m were made to these businesses in February. ....

Joe Howley , Employment Wage Subsidy Scheme , Covid Restrictions Support Scheme , Debt Warehousing Scheme , Temporary Wage Subsidy Scheme , ஓஹோ ஹவ்லி , வேலைவாய்ப்பு ஊதியம் மானியம் திட்டம் , கடன் கிடங்கு திட்டம் , தற்காலிகமானது ஊதியம் மானியம் திட்டம் ,

Debt Warehousing Scheme remains available to firms


Updated / Wednesday, 13 Jan 2021
11:51
The Debt Warehousing Scheme allows businesses to park PAYE and VAT tax debts arising from the Covid-19 crisis
Revenue is reminding businesses that the Debt Warehousing Scheme remains available to support companies facing tax payment difficulties as a result of the current Covid-19 Level 5 public health restrictions. 
The Debt Warehousing Scheme allows businesses to park PAYE and VAT tax debts arising from the Covid-19 crisis, as well as self-assessed income tax amounts and Temporary Wage Subsidy Scheme overpayments. 
These debts can be parked on an interest free basis for 12 months after resumption of trading. 
At the end of the 12-month interest free period, the warehoused debt may be paid in full without incurring an interest charge or paid through a phased payment arrangement at a significantly reduced interest rate of 3% a year. ....

Joe Howley , Debt Warehousing Scheme , Temporary Wage Subsidy Scheme , General Joe Howley , ஓஹோ ஹவ்லி , கடன் கிடங்கு திட்டம் , தற்காலிகமானது ஊதியம் மானியம் திட்டம் , ஜநரல் ஓஹோ ஹவ்லி ,