Reduced interest on overdue tax (Section 6)

Jul 27, 2020

A new Section 1080A TCA 1997 provides for a reduced interest rate of approximately 3 per cent per annum to apply from 1 August 2020 to taxes declared under agreements reached with Revenue by 30 September 2020.  This measure does not apply where legal proceedings to recover the tax debt has been initiated by Revenue or where the sheriff or country register has initiated proceedings to recover the tax debt.