Revenue to contact businesses falling behind in tax compliance obligations

Mar 08, 2021

Revenue will be contacting businesses who are not filing timely tax returns. According to Revenue, compliance slippage is evident among some businesses participating in the Tax Debt Warehousing Scheme.  As set out in a recent press release, of the 70,000 businesses availing of the Tax Debt Warehousing Scheme, 41,300 filed their tax returns as they fell due and 28,700 have some outstanding returns. Approximately 4,500 of the businesses that have not kept up to date with filing their tax returns are claiming for support under the EWSS and/or CRSS and these claims will not be paid if the taxpayer does not file tax returns. These taxpayers also risk losing tax clearance and the withdrawal of the Tax Debt Warehousing Scheme. 

In the press release, Revenue also notes that a small number of businesses not in the Tax Debt Warehousing Scheme are also demonstrating tax compliance slippage.  Revenue will be contacting these businesses over the coming weeks to outline that if their filing and payment issues are not quickly rectified they will be subjected to debt collection and enforcement action, including interest charges at the standard rates of 8 percent and 10 percent, as appropriate.