Ms Maureen Marray:

To date, we have published the number of insolvencies that have happened to the end of January 2024. We know that €86 million of debt that was previously warehoused has closed because of insolvency. Revenue does not anticipate an increase in insolvencies. We can offer flexible payment arrangements to businesses when they engage with us coming up to 1 May 2024.

There is sufficient flexibility in those payment options to allow businesses to deal with their warehoused debt and maintain their current taxes for the future and in so doing secure the business's viability going forward.