Updated Advice from Revenue

Filing Tax Returns 

Businesses experiencing temporary cashflow difficulties should continue to send in tax returns on time, even when payment is not immediately possible. Where key personal are unavailable to compute the tax returns  due to the COVID-19 virus, businesses should still file on a 'best estimates' basis. Any subsequent amendments can be completed on a self-correction basis without penalty.

Interest

The charging of interest on late payments is suspended for March/April VAT and April PAYE ( Employers) Liabilities. This is in addition to the earlier announcement that the charging of interest on late payments is suspended for January/February VAT and both February and March PAYE (Employers) liabilities.

Debt Enforcement

All debt enforcement activity remains suspended until further notice.

Tax Clearance

Current Tax Clearance status will remain in place for all businesses over the coming months.

Further information on these measures can be found here on Revenue’s website.