The SFA and your Local Enterprise Office (LEO), in association with Revenue, will hold an online information session on the Debt Warehousing Scheme on 17 January 2024. SFA will be joined by Principal Officers from Revenue's Collectors General's Division - Maureen Marray and Davena Lyons.
If you are in the Debt Warehousing Scheme and haven’t yet talked to Revenue, don’t bury your head in the sand! Avoid hard measures after May 1st by joining us for this webinar and get information on Phased Payment Arrangements (PPA) and what the application process looks like. Know your options!
Local Enterprise Office will also be joining and ready to give information on how you can look for financial mentoring.
Information on the Scheme:
The Debt Warehousing Scheme was introduced at the start of the pandemic and allowed for the deferral of the payment of VAT, PAYE (Employer) and certain self-assessed income tax labilities, including TWSS and EWSS overpayments. The scheme allowed for the parking of the debt at 0% interest up to 31 December 2022 for the majority with a significantly reduced interest rate of 3% applying thereafter. Businesses availing of the scheme must either pay their warehoused liabilities in full by 1 May 2024 or agree a Phased Payment Arrangements (PPA) by that date.
Topics to be covered:
- Brief overview of the scheme
- Key messages for SMEs in managing their warehoused debt
- Repayment options available in the run up to 1 May 2024
- Q&A
This is the perfect opportunity for small businesses in the scheme to ask Revenue for the information they need in a safe space. Questions are anonymized and the Q&A won’t be recorded.