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Debt Warehousing Updated 24 September 2021

RMcH states: We have had a few queries in relation to when debt warehousing ends. Please see latest information from revenue below.

Warehousing of tax debt is aimed at assisting businesses experiencing cash-flow and trading difficulties due to the COVID-19 pandemic.

With warehousing, you can defer paying some of your eligible tax liabilities until you are in a position financially to deal with the debt.

Interest will be applied to warehoused debt at:

How to qualify

To qualify for warehousing, your business must have been unable to pay your tax liabilities because of COVID-19 restrictions:

Revenue will be entitled to make enquiries to satisfy itself that your business is unable to pay or repay any liabilities.

How to avail of debt warehousing

You automatically avail of the warehouse if your business is managed by the Personal or Business Division in Revenue.

Businesses which are managed by Large Corporates Division and Medium Enterprises Division must apply for warehousing.

Warehouse periods

The debt warehouse term is made up of three distinct periods.

Period 1

This is the period during which returns enter the warehouse.

This period was determined having regard to the restriction levels introduced by Government in response to the COVID-19 pandemic. 

Period 1 start date

The period began when the business first experienced cashflow trading difficulties due to COVID-19. This was:

Period 1 end date

Period 1 ends on 31 December 2021.

All returns for qualifying taxes which fall in Period 1, will be entered into the warehouse.

Period 2

Period 2 is a one year period which runs from 1 January 2022 to 31 December 2022.  No interest is applied to the warehoused debt during Period 2.

Period 3

Period 3 starts when Period 2 ends, that is,  1 January 2023. On exiting Period 2, you must provide Revenue with a repayment schedule for the warehoused debt. Interest will be applied from the start of Period 3 until the final payment date at a rate of 3%.

Qualifying terms and conditions

The terms and conditions which apply to the warehousing of debt for each tax type are:

Additional terms and conditions for Income Tax (IT)

There are additional terms and conditions applied to the warehousing of IT. These are:

Terms and conditions for the Temporary Wage Subsidy Scheme (TWSS)

It is possible to warehouse your Temporary Wage Subsidy Scheme (TWSS) and Employment Wage Subsidy Scheme (EWSS) repayment. For this, you must be able to show that your business is unable to repay the excess payment you received. 


Failure to comply with the terms and conditions of warehousing will result in your removal from the scheme. All outstanding balances may be enforced and interest at the full statutory rate will be applied.


emoval from warehouse

Failure to file returns may result in the entitlement to avail of the Debt Warehousing Scheme being withdrawn.

Where warehousing is withdrawn, periods which had been warehoused:

In addition, your Tax Clearance Certificate (TCC) will be automatically rescinded. Consequently, any Government support payments will cease until the compliance issues are rectified. Such payments include:


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