Revenue updated the information booklet on the Debt Warehousing scheme. The booklet now includes additional information on the re-introduction of Level 5 restrictions and the guidance on the reduced interest rate phased payment arrangements has been removed.

Updates to the Information Booklet include details and examples on the implications for businesses within the warehousing scheme for VAT and PAYE (Employer) on the most recent re-introduction of Level 5 restrictions. Where a business reopened in December and closed again on the re-imposition of restrictions, the warehousing timeline will depend on when the business returns to trading in 2021.