Tel: (01) 901 1310

menu

Debt Warehousing .. What you need to know

Share Post:

Share on linkedin
Share on twitter
Share on facebook
Share on email

Debt warehousing and reduced rate of interest for outstanding ‘non-COVID-19’ debts

In response to COVID-19, the Government announced the Jobs Stimulus Package. The package included some measures to assist businesses in dealing with their tax debts.

This measure has become all the more important in recent weeks (and days due to increased restrictions). If you business is force to close temporarily due to Covid19 restriction take a read of the information below and the attached booklet.

Debt warehousing of certain PAYE (Employer) and VAT debts
‘Debt Warehousing’ is an arrangement whereby VAT and PAYE (Employer) liabilities incurred during the period of restricted trading caused by COVID-19 will be ‘parked’ on an interest-free basis, subject to certain conditions. Liabilities accrued up to the end of the first bi-monthly VAT period after a business has resumed trading are eligible for warehousing for a period of 12 months.

Reduced interest rate for outstanding ‘non-COVID-19’ tax debts
The Government has also announced a reduced interest rate of 3% per annum to apply to tax debts not associated with COVID-19, provided the taxpayers concerned enter into a phased payment agreement with the Collector-General before 31 October 2020. The 3% rate represents a significant reduction from standard interest rates on late payment of taxes of 8% and 10% per annum.

Find out all the details here

Quick Contact - Or Call: 01 9011310

Sign Up To Our Latest Transmission

To be sent automatic updates to our latest news articles, please fill in your details.

More News

The Missing Link for Successful Marketing.

Understanding the brain of your customer is key to finding a message that resonates and drives business. If you can incorporate this level of behavioural understanding into your message, your ideal customers will find you, refer business & give you all the data & case studies you need.

We Actively Avoid Information That Can Help Us

The conventional wisdom is that people should be eager to get information that can benefit them. That’s the idea behind marketing & public health messaging. But across several scenarios we saw that from 15% to more than 50% of people declined the information we were offering.

Leadership

Great Leaders don’t give orders

The best leaders spend five times more time teaching with questions than telling people what to do. What’s your ratio? Think about a leader and chances are your first image is of someone giving orders. So how can you eliminate the need to tell people what to do so often?

The Business Troubleshooters Ltd.

Dublin

Carlow

Cork

Ⓒ 2020 - All Rights Are Reserved

Sign Up To Our Latest Transmission

Dublin

3013 Lake Dr,
Citywest Business Campus,
Dublin, D24 PPT3
Tel: (01) 901 1310

Carlow

Enterprise House,
O’Brien Road,
Co. Carlow, R93 YOY3
Tel: (059) 910 0440

Cork

Acorn Business Centre,
Mahon Industrial Estate
Blackrock,
Cork, T12 K7CV
Tel: (021) 2021130

E: hello@thebusinesstroubleshooters.ie

T: 01 9011310