Revenue may call in sheriffs to collect up to €500m of business debt

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Revenue could move to collect as much as half a billion euro of bad debts from thousands of struggling firms over the next six months. Figures obtained by the Business Post show that Revenue is currently pursuing more than €830 million of unpaid debts

Revenue could move to collect as much as half a billion euro of bad debts from thousands of struggling firms over the next six months.

Figures obtained by the Business Post show that Revenue is currently pursuing more than €830 million of unpaid debts. According to sources with knowledge of the matter, this includes nearly €420 million classed as “under demand” by the Revenue, the stage at which the tax authority sends letters to the ...

 

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And several of these are small charities who found it impossible to predict their incomes.

Because that will help struggling businesses. 🤪

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