Timeframe for repayment

Revenue will look at businesses on a case-by-case basis. It may be possible to extend repayments beyond the normal 3 to 5 year timeframes. Up-front payments may not be required in every case. 

Payments already made

Some people have already paid back Warehoused Debt at the 3% interest rate. Arrangements are being made to refund those taxpayers. 

Next steps

If you have Warehoused Debt you need to engage with Revenue by the 01 May deadline. By this date the debt needs to be paid or you need to enter into a phased payment arrangement with Revenue to clear the debt.