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Debt warehousing

  1. Overview
  2. Taxes included in the Warehousing Scheme
  3. Warehouse periods
  4. Qualifying terms and conditions
  5. Removal from warehouse
  6. Debt Warehousing deadline 1 May 2024
  7. Amendments to the Debt Warehousing Scheme, 5 February 2024

Removal from warehouse

If you fail to file and pay your current taxes as they fall due, this may result in your removal from the Warehouse. Where you are removed from the warehouse, periods which had been warehoused:

  • will become payable immediately
  • may be subjected to debt collection enforcement action
  • and
  • will be subject to interest charges of 8% or 10% per annum.

In addition, your Tax Clearance Certificate (TCC) will be automatically rescinded. Consequently, any Government support payments or grant aid will cease until your compliance issues are rectified.

Next: Debt Warehousing deadline 1 May 2024

Published: 09 February 2024 Print this page

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