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