Debt warehousing

Warehouse periods

The debt warehouse term is made up of three distinct periods.

Period 1

This is the period during which returns enter the warehouse.

This period was determined having regard to the restriction levels introduced by Government in response to the COVID-19 pandemic. 

Period 1 start date

The period began when the business first experienced cashflow trading difficulties due to COVID-19. This was:

Period 1 end date

Period 1 ends on 31 December 2021.

All returns for qualifying taxes which fall in Period 1, will be entered into the warehouse.

Period 2

Period 2 is a one year period which runs from 1 January 2022 to 31 December 2022.  No interest is applied to the warehoused debt during Period 2.

Period 3

Period 3 starts when Period 2 ends, that is,  1 January 2023. On exiting Period 2, you must provide Revenue with a repayment schedule for the warehoused debt. Interest will be applied from the start of Period 3 until the final payment date at a rate of 3%.

Next: Qualifying terms and conditions