Revenue to be ‘pragmatic’ on fuel impact
Revenue has said that it will engage with any viable business that experiences cash-flow problems due to a recent sharp rise in fuel and other costs.
In a statement, the tax body said that it was aware that fuel-price increases might cause difficulties for certain individuals and businesses.
“Revenue appreciates that this is a difficult time for those affected and confirms that it will work with taxpayers that have been adversely impacted to ensure that good compliance records can remain on track.,” it stated.
‘Track record’
Collector-General James Twohig said that Revenue would adopt “a pragmatic approach”, where businesses had been hit by rising fuel costs.
“Revenue has a strong track record in successfully agreeing flexible and appropriate payment arrangements where businesses are facing temporary cash-flow difficulties, and we will work with those affected by rising fuel and other costs to take their financial circumstances and capacity to pay into account,” he stated.
Twohig urged taxpayers to continue to send in tax returns on time and to engage early with Revenue if they ran into or were facing difficulty paying tax.
“Rather than hope that such payment difficulties will resolve in time, my advice to taxpayers adversely impacted by rising fuel and other costs is to proactively engage with Revenue to agree mutually suitable arrangements,” he said.