John M Shanahan & Co.

linking practice to business

Chartered Accountants
Registered Auditors

Phone: 057 93 22100

email: info@shanahan.ie

Revenues New Debt Warehousing Scheme for those affected by Covid-19 has now been put on a Legal footing.

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a look at Revenue's latest Scheme of zero% interest to 3% interest on Debt arising on foot of the pandemic and old debts pre-pandemic which remain unpaid.

The debt warehousing scheme provides for the ‘warehousing’ of PAYE (Employer) and VAT debts associated with the COVID-19 crisis on an interest-free basis for a period of 12 months. Revenue have set out the general terms of the scheme in its Information booklet.

 


Read more: Covid-19 Debt Warehousing

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