Liquidated companies had €50m in warehoused tax debt, figures show

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 98%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Revenue’s debt warehousing scheme allowed for the deferral of tax payments during the pandemic

The €2.25 billion in warehoused debt at the end of February was comprised of €1.36 billion in the Revenue Business division, €639 million in Medium Enterprise, €227 million in ‘Large Corporates’; €21 million in ‘Personal’ and €6 million in High Wealth individuals who have net assets of more than €20 million.

Mr McGrath said that “it has provided a vital liquidity support to businesses during the Covid pandemic”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Refugees will not be turned away despite impact on tourism industry – Eamon RyanThe State “will not turn away” refugees or asylum seekers despite the “short-term effect” on some areas of the tourism industry, Green Party leader Eamon Ryan said But we know they are mainly fraudsters with no genuine claim for asylum unless u count arguments with neighbours as persecution.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

State will not turn away refugees despite impact on tourism industry – Eamon RyanGreen Party leader was responding to assertion by Fáilte Ireland that non-accommodation providers in sector will lose €1.1bn in revenues
Source: IrishTimesBiz - 🏆 6. / 77 Read more »