Debt warehousing

Qualifying terms and conditions

The terms and conditions which apply to the warehousing of debt for each tax type are:

  • All tax returns must be filed so as the debt is quantified.
  • Taxes falling due outside the warehouse scheme must be paid.

Additional terms and conditions for Income Tax (IT)

There are additional terms and conditions applied to the warehousing of IT. These are:

  • You must have filed your 2019 IT return by the extended deadline date of 10 December 2020.
  • You must have made a declaration on your 2019 IT Statement of Net Liabilities that your total income for 2020 is expected to be at least 25% less than total income for 2019.

Terms and conditions for the Temporary Wage Subsidy Scheme (TWSS)

It is possible to warehouse your Temporary Wage Subsidy Scheme (TWSS) and Employment Wage Subsidy Scheme (EWSS) repayment. For this, you must be able to show that your business is unable to repay the excess payment you received. 


Failure to comply with the terms and conditions of warehousing will result in your removal from the scheme. All outstanding balances may be enforced and interest at the full statutory rate will be applied.

Next: Removal from warehouse