The deadline for making an Unprompted Qualifying Disclosure in relation to previously undisclosed Period 1 liabilities under the Debt Warehousing Scheme (DWS) is 31 January 2023.
Revenue has updated its Tax and Duty Manual on the process for taxpayers making an Unprompted Qualifying Disclosure of previously undisclosed Period 1 liabilities. Such taxpayers have an opportunity to have those additional liabilities warehoused under the terms of the DWS. The updated guidance sets out the period within which taxpayers availing of Debt Warehousing must agree a Phased Payment Arrangement (PPA) for their warehoused liabilities.
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