Revenue to take ‘Beast’ into account for those with cashflow tax concerns
Farmers and workers who could face problems paying tax on time due to cashflow difficulties caused by the ‘Beast from the East’ and Storm Emma have been encouraged to get in touch with Revenue to try and resolve the situation.
Following the recent extreme weather conditions, some farmers have sustained considerable damage – such as this Wexford farm – while the south and south-east appear to be among the worst-hit regions.Also Read: Farmers in south-east and east ‘bear brunt of Beast’ as claims stack-up
Revenue has issued a statement announcing that it “understands the temporary cashflow difficulties” that can arise for businesses from exceptional events like the recent severe weather event and how this can impact on the timely payment of tax.
Speaking today (Tuesday, March 6), on the day after his appointment as the new collector-general, Joe Howley said: “When these cashflow-related challenges arise or are expected to arise for businesses, then early engagement with us is key to being able to minimise the stress and anxiety for those concerned.
We are generally able to arrive at an accommodation that gets them successfully beyond the payment pressure point and able to focus on running their business.
Continuing, the new collector-general added: “We understand that the likes of severe weather related events can have particular location and sector specific impacts, which are not generally applicable.
“That is why a ‘one size fits all’ approach would not be appropriate, and why the early and one-to-one engagement that we encourage is so important,” Howley said.