Kieran Coughlan: Talk to Revenue early about cashflow issues due to flooding

Arrangements Revenue can put in place include temporary stops in collection, informal instalment arrangements and formal phased payment arrangements

Midleton bore the brunt of flooding from Storm Babet. Picture: Guileen Coast Guard

Storm Babet had left a mark, most notably on the town of Midleton but also in surrounding areas, and separate flooding has occurred in West Cork, Wicklow and further afield. 

The Revenue's Collector General Joe Howley last week encouraged businesses who are affected by recent flooding events to contact Revenue as soon as possible with a view to working through cashflow difficulties that businesses might be facing in meeting their tax obligations.