Revenue expects businesses and individuals to arrange their business and personal affairs in such a way as to ensure timely compliance with tax return filing and tax payment obligations. Revenue is happy to acknowledge that the vast majority of taxpayers and businesses do that.
On occasion, particular challenges can arise for individuals or businesses in ensuring timely compliance and Revenue continues to encourage early engagement with them where those challenges arise.
In situations where exceptionally, payment of a tax debt in one lump sum is demonstrably not possible, Revenue has in place a refined streamlined approach for a business or individual to apply to Revenue for a phased payment arrangement. This involves the completion of a form and the provision of essential supporting evidence and documentation that will enable Revenue to more speedily consider whether it will agree that a debt can be cleared by way of a phased payment arrangement. Interest will always be part of an approved phased payment arrangement.
Revenue has designed and put on our website a calculator to give businesses, individuals or their agents an opportunity, having regard, inter alia to the interest element of the arrangement, to work out the exact monthly repayment schedule that would arise with any particular phased payment proposal.
Revenue is determined to maintain the high levels of compliance notwithstanding the difficult economic circumstances in which businesses and taxpayers are operating. Revenue expects that taxpayers and businesses organise their financial affairs to ensure that they pay their tax debts as they fall due.
Revenue acknowledges that in the current economic slowdown some businesses and taxpayers are experiencing difficulties in meeting their tax payment obligations even where they are fully committed to meeting those obligations and in more favourable economic and financial circumstances did precisely that.
Revenue's approach to individuals and businesses experiencing tax payment difficulties is set out in the documents below:
Collector General Contact Details
LoCall No: 1890 20 30 70
E-mail cgcustserv@revenue.ie
Revenue eBrief No. 71/11
http://www.revenue.ie/en/practitioner/ebrief/2011/no-712011.html
