Revenue eBrief No. 106/24
02 April 2024
Guidelines for Phased Payment - Instalment Arrangements
The Guidelines for Phased Payment Arrangements (PPA) have been updated throughout to improve ease of reference, user experience and to cater for recent changes.
Section 1 and Section 5 have been added to reflect amendments to the Debt Warehouse Scheme as announced by the Minister for Finance on 5th February 2024. These sections highlight the necessity for Debt Warehouse customers to either pay their liability or enter into a PPA prior to 1st May 2024 in order to avail of the reduced interest rate of 0%.
'Key features of a PPA' has been removed from the previous 'Summary' section and added as Section 6 for ease of reference.
All sections have been updated to reflect Revenue flexibility in terms of a PPA, including reduced down payments, longer repayment periods, and the option to take a payment break.