More than €2bn in taxes still owed by more than 62,000 firms

Debt Warehousing Scheme was brought in during the pandemic to support businesses through lockdown measures

12,800 customers with warehoused debt of €197m have had their warehouse status revoked due to non-compliance with repayments.

Nearly all of the tax debt warehoused by companies during the pandemic has been paid off. However, some businesses have been stung as they have not been able to pay their liabilities on time.

At end of April, more than 93% of the debt that was housed in the Debt Warehousing Scheme has been paid, leaving a balance of more than €2bn for about 62,000 individual entities.