Debt warehousing

Warehouse periods

The debt warehouse term is made up of three distinct periods.

Period 1

This is the period during which returns enter the warehouse.

This period was determined having regard to the restriction levels introduced by Government in response to the COVID-19 pandemic. 

Period 1 start date

The period began when the business first experienced cashflow trading difficulties due to COVID-19. This was:

Period 1 end date

Period 1 ends on 31 December 2021.

All returns for qualifying taxes which fall in Period 1, will be entered into the warehouse.

Period 2

Period 2 is a one year period which runs from 1 January 2022 to 31 December 2022.  No interest is applied to the warehoused debt during Period 2.

Period 3

Period 3 starts when Period 2 ends, that is, 1 January 2023. On exiting Period 2, you must agree a Phased Payment Arrangement with Revenue for the warehoused debt. Interest will be applied from the start of Period 3 until the final payment date at a rate of 3%.

Note

The Warehouse Scheme was extended for some businesses. For further information, please see the next page in this section. If you do not qualify for the extension, the above period dates apply.

Next: Warehouse extension 2022