Ruairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I just want to make sure I have this correct. People are worried about two things: that they will not have the money and that they will not make the 31 October deadline. Obviously, there are logistical difficulties for accountants at the minute trying to get information to Revenue on temporary wage subsidy scheme returns, etc., which has created its own difficulties. People are concerned that if they do not have the money for the 10 December scenario, they will suddenly be in difficulty and could lose tax certification or their audit protection. Small companies are also worried about 31 October and the Companies Registration Office returns from the point of view that they might lose audit exemptions. Again, the issue is the general cost of accounting that would lead to. I am very interested to ascertain, on behalf of these small-scale self-employed people or sole traders, what the position will be if they make a return on 10 December. Can they come to some sort of arrangement in respect of moneys if they do not have enough? I would like absolute clarity on that.

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