Revenue responds to CCAB-I regarding the 30 April filing deadline for businesses in the Debt Warehousing Scheme

As covered in Tax News last week,   the Institute, under the auspices of the CCAB-I, wrote  to the Collector General requesting that Revenue give additional time to businesses availing of the Debt Warehousing Scheme to file all outstanding tax returns  

In its response, Revenue acknowledged the significant contribution made by CCAB-I members in supporting businesses availing of the Debt Warehousing Scheme during the COVID-19 pandemic. However, Revenue advised, it will not consider extending the 30 April filing deadline by which businesses must bring compliance matters up to date to continue to avail of the benefits of the Debt Warehousing Scheme.

Revenue did confirm that they will consider cases where there is exceptional difficulty in meeting the 30 April deadline once they know the exceptional nature of the challenge. Revenue also confirmed that the absence of a VAT RTD or Form 46G will not preclude a business from availing of the benefits of the Debt Warehousing Scheme.

Read the full response here.