VATupdate

Ireland’s Debt Warehousing Scheme gets an extension

In June, the Irish government as part of their Economic Recovery Plan 2021, announced that there would be an extension of the period during which tax debts could be warehoused under their Debt Warehousing Scheme. Additionally, the scheme would be expanded to cover Employment Wage Subsidy Scheme overpayments.

Originally announced in May 2020, the scheme allowed deferred VAT and payroll tax debts associated with the COVID-19 pandemic to be warehoused. It was later extended to include some self-employed income tax liabilities as well as overpayments from the Temporary Wage Subsidy Scheme.

Source: avaskgroup.com

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