Revenue Settlements & Negotiations, instalment arrangements, hardship cases, late payments of tax

By: Stephen Egan  05/12/2011

As our recession deepens increasingly many businesses are falling late with their payments.

Revenue have indicated that where there are genuine reasons for late payments and where a viable business can be shown to still exist , then they are prepared , under certain circumstances and subject to particular information being provided ,  to be sympathetic and realistic in their approach.

Moreover , they have indicated that they will allow an instalment arrangement to be entered into in  such cases.

It is also possible in genuine hardship cases to have the collection of taxes due suspended or possibly  written off  either partially or in full.

Early and effective representation to revenue is crucial in these cases.

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