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Revenue - Paying some warehouse debt before due

Buttercake · 2023-04-24 08:33:58

Hi all, I have revenue debt that has been warehoused since Covid and due at the end of this year. Its around 10k over 6 vat periods. If I were to pay off some of these periods around 3k now, will this cause the entire or reminder of the debt to be due? Thanks in advance

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24-04-2023 9:33am

#1

Buttercake

Registered Users Posts: 539 ✭✭✭

Join Date: February 2010

Posts: 479

Hi all,
I have revenue debt that has been warehoused since Covid and due at the end of this year. Its around 10k over 6 vat periods.
If I were to pay off some of these periods around 3k now, will this cause the entire or reminder of the debt to be due?
Thanks in advance

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#2 24-04-2023 9:42am
Squall

Registered Users Posts: 1,345 ✭✭✭

Join Date: March 2001

Posts: 1263

Nope, you can go ahead and pay off what you can. The rest of the debt will stay warehoused until the end of year
Note, you can also apply for a phased payment arrangement and include your warehoused debt if paying that way would work for you
https://www.revenue.ie/en/starting-a-business/paying-your-tax/debt-warehousing/benefits.aspx

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