Following recent amendments to the Debt Warehouse Scheme, Revenue has updated the guidelines for Phased Payment Arrangements (PPA). The updated guidance highlights the necessity for Debt Warehouse customers to either pay their liability in full or enter into a PPA prior to 1 May 2024 in order to avail of the reduced interest rate of 0 percent (sections 1 and 5).
The 'Key features of a PPA' are detailed in Section 6 for ease of reference, with all sections updated to reflect Revenue flexibility in terms of a PPA, including reduced down payments, longer repayment periods, and the option to take a payment break.