Dáil Éireann Debate, Wednesday - 31 March 2021
389. Deputy Louise O'Reilly asked the Minister for Finance the amount of debt that has been warehoused under the tax debt warehousing scheme; the amount of this debt from microbusinesses; the amount from SMEs; and if he will make a statement on the matter. [17406/21]
View answerI am advised by Revenue that the Debt Warehousing Scheme remains available to support businesses impacted by continuing COVID-19 related public health restrictions.
The scheme is automatically available to SMEs and individuals that are managed by Revenue’s Business and Personal Divisions and by agreement with larger businesses managed by Large Corporates and Medium Enterprise Divisions, where such businesses have been adversely impacted by COVID-19.
The value of debt warehoused at the end of February 2021, broken down by Revenue Division, was as follows:
|
Division |
€m |
|
Business Division (SMEs) |
1,031 |
|
Personal Division |
25 |
|
Medium Enterprises Division |
812 |
|
Large Corporates Division |
385 |
|
Total |
2,253 |
