More Flexibility To Be Introduced In Debt Warehousing Scheme

Businesses involved must have engaged with Revenue by May 1st.

Changes which will see flexibility to the debt warehousing scheme introduced are due to be announced shortly.

Businesses that chose to bank their deficit away during the pandemic will have to engage with Revenue by May 1st in order to establish a payment plan.

In the midlands, over 2,500 businesses have debt warehoused, amounting to over €50m.

Westmeath has the highest figure at €24m Laois is next at €12m and that's closely followed by Offaly at €11m.

Finance Minister, Michael McGrath, says he hopes to finalise further flexibilites on the matter very soon:

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