Debt warehousing

Taxpayer self-review

If you were eligible for the Debt Warehousing Scheme (DWS) you may wish to conduct a self-review of any returns eligible for debt warehousing. These returns are: 

  • VAT returns made in relation to Period 1
  • Employer PAYE returns made in relation to Period 1
  • and
  • Income Tax returns for 2019, 2020 and 2021.

If your self-review finds that you did not declare the full amount of tax due, you are advised to make an Unprompted Qualifying Disclosure. The terms for an Unprompted Qualifying Disclosure are set out in the Code of Practice for Revenue Compliance Interventions.

If you submit an Unprompted Qualifying Disclosure by 31 January 2023, you may avail of the reduced interest rates on any additional liabilities.

You may also avail of the other benefits associated with making a qualifying disclosure, such as:

  • reduced penalties (where applicable)
  • and
  • protection from publication and prosecution. 


If you are satisfied that all your returns for Period 1 are correct, no further action is required.

Next: Disclosure of additional Period 1 liabilities