Chartered Accountants Ireland calls for urgent action if Level 5 restrictions are implemented

Oct 05, 2020

Chartered Accountants Ireland has written a letter to Ministers Donohoe and McGrath calling for four essential financial and expenditure measures to be implemented with immediate effect if NPHET Level 5 restrictions are introduced.  Wage subsidy supports should be restored to the stand of the TWSS.  All fiduciary taxes for the duration of the Level 5 restrictions should be eligible for the tax debt warehousing scheme.  Reporting and filing obligations to the various government agencies should be suspended and a premises maintenance grant should be introduced to compensate businesses for the potential damage to premises over the restriction period.