As readers likely know, the deadline for engaging with Revenue in respect of warehoused debt is 1 May 2024. In advance of this deadline, Revenue has issued letters to 30,825 taxpayers with warehoused debt to outline the immediate action required to arrange the repayment of their debt. The letters should issue to the taxpayers’ ROS inbox unless they no longer have an active ROS digital certificate, in which case it should arrive by post this week. Agents will not receive a copy of the letters issued to their clients.
The letter includes a schedule of the warehoused debt and the range of payment options available to the taxpayer. Where a Phased Payment Arrangement (PPA) is required, the application must be submitted on ROS now in advance of 1 May 2024 to allow sufficient time to agree a payment plan suitable to the business circumstances.
A separate letter has issued to taxpayers with warehoused debt of less than €500 as PPAs are not available in these circumstances.