Chartered Accountants Tax News - 5th Octber 2009

Mon, Oct 5, 2009

Revenue has announced in eBrief No. 59/09 that where a business is awaiting a statutory redundancy rebate and is experiencing particular difficulties in meeting its tax obligations, collection or enforcement action that would otherwise arise in the event of late payment of tax will be delayed for a reasonable period of time. The deferral is subject to the quantum of rebate and will only apply where satisfactory evidence is provided of the repayment due.

EBrief No. 59/09 advises that payment of the rebate due to the business will be made directly to Revenue by the Department of Enterprise Trade and Employment. On receipt of a completed application form, Revenue will verify with the Department that the rebate stated is the correct amount due and will forward the form to the Department together with the relevant Revenue contact details to facilitate payment of the rebate directly to Revenue.

The application form is available from Revenue website at: Business & Self Assessment > Running a Business > Tax Payment Difficulties.

Ebrief No. 59/09 is available here

 

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