Dáil Éireann Debate, Thursday - 21 July 2011
83 Deputy Damien English asked the Minister for Finance if the Revenue Commissioners will agree to an alternative schedule for repayment on tax due by a company (details supplied) in County Meath; if the Revenue Commissioners will cease all court proceedings until a new schedule can be arranged; and if he will make a statement on the matter. [22053/11]
View answerI am advised by Revenue that despite the fact that it has worked with the business concerned to reach a mutually acceptable approach to dealing with a very substantial tax debt, the business concerned has failed to meet a fundamental requirement of the approach agreed by not meeting the terms of an arrangement put in place only four months ago. On that basis Revenue is not assured as to the basic financial viability of the business and so has a petition before the High Court in the next week for the appointment of a liquidator. I am advised by Revenue that given its concerns and the fact that the debt is actually increasing, a revised repayment schedule would not be appropriate and it will be proceeding with its liquidation petition to the Court.
