Deadline Extension for reduced interest rate on outstanding tax debts

As announced in the July Stimulus Package, an incentive was included that a reduced interest rate of 3% per annum would only be applied to outstanding tax liabilities once a payment arrangement was agreed between Revenue and the taxpayer.

Revenue have now announced this incentive is to be extended to 31^st October 2020 to finalise phased payment arrangements for non-Covid tax liabilities due by 30^th September 2020.

Applications for phased payments can be made through your Tax Agent.

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