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Small Companies Administrative Rescue Process (SCARP)

  1. Overview
  2. Who can participate?
  3. Process Advisor
  4. Procedure
  5. Revenue requirements

Revenue requirements

Companies should be aware of the following when entering the SCARP scheme:

  • any Revenue debt within SCARP will be removed from the Debt Warehouse
  • the company must file and pay all taxes when they are due
  • debt reduction under SCARP may result in additional tax liabilities which will need to be considered in the rescue plan
  • if a company fails to comply with the terms of the SCARP agreement, Revenue may apply to the Court to:
    • challenge the continuation of the process
    • or
    • place the company into liquidation or receivership.

Published: 26 January 2022 Print this page

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