Tax debt warehousing scheme guide updated for Recovery Plan enhancements
The Tax Debt Warehousing Scheme guide has been updated to reflect the changes announced by the Government’s Economic Recovery plan at the start of June. The scheme now provides that overpayments of the Employment Wage Subsidy Scheme (EWSS) can be warehoused, and the scheme is extended to the end of 2021 with no interest applying in 2022. Interest of 3 percent will apply from 1 January 2023.
The Tax Debt Warehousing Scheme provides for the warehousing and deferred payment of approximately €2.3 billion in tax debt. See the updated guide for more details on the latest enhancements to the scheme.