Phased Payment Arrangements (PPAs)
Overview
You are required to pay all your taxes by the due date. However, Revenue recognise that this is not always possible. You can avail of the option to pay your tax debts by PPA.
A PPA will allow you to repay your tax debts in instalments over a period of time.
The maximum length of a PPA is 36 months. A longer-term arrangement of up to 60 months may be facilitated where the circumstances of the business require. You will need to provide a business case for why an extention is necessary. There must be sufficient evidence that the business can sustain and support the arrangement for its duration.
A down-payment is required, and interest is applied over the repayment period.
Next: How to apply for a Phased Payment Arrangement (PPA)