Debt warehousing

Overview

Warehousing of tax debt is aimed at assisting businesses experiencing cash-flow and trading difficulties due to the COVID-19 pandemic.

With warehousing, you can defer paying some of your eligible tax liabilities until you are in a position financially to deal with the debt.

Interest will be applied to warehoused debt at:

  • 0% initially
  • 3% from January 2023 to the repayment date.

How to qualify

To qualify for warehousing, your business must have been unable to pay your tax liabilities because of COVID-19 restrictions:

  • your turnover was significantly reduced
  • or
  • the volume of your customer orders was significantly reduced.

Revenue will be entitled to make enquiries to satisfy itself that your business is unable to pay or repay any liabilities.

How to avail of debt warehousing

You automatically avail of the warehouse if your business is managed by the Personal or Business Division in Revenue.

Businesses which are managed by Large Corporates Division and Medium Enterprises Division must apply for warehousing.

Next: Taxes included in the Warehousing Scheme