Dáil Éireann Debate, Tuesday - 20 October 2020
215. Deputy Richard Bruton asked the Minister for Finance if he has received a submission from a body (details supplied) seeking relaxation on deadlines and compliance rules due to the exceptional pressures created by Covid-19; and if he will make a statement on the matter. [31114/20]
View answerI can confirm that I received the Pre-Budget submission to which the Deputy refers.
As outlined in my reply to PQ 28231/20 on 6 October, Revenue has extended the deadline for customers to file their 2019 self-assessed income tax return and make the appropriate payment in respect of preliminary tax for 2020 and any income tax balance due for 2019. The due date has been extended by four weeks from 12 November 2020 to 10 December 2020. To qualify for the extension, customers must both pay and file through ROS; otherwise the relevant return and payment is due no later than 31 October 2020.
This Government fully appreciates the pressures that people are operating under. In my Budget speech last week, I announced that the debt warehousing provisions already in place will be extended to include the 2019 income tax balance and 2020 preliminary tax to allow qualifying taxpayers to defer payment for a period of a year with no interest applying; 3 per cent will apply thereafter and will attract no surcharge. This will be provided for in the Finance Bill due to be published later this week.
