Cathal Crowe (Clare, Fianna Fail)
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150. To ask the Minister for Finance if he will consider implementing a number of measures (details supplied) in view of the economic effects of the Covid-19 pandemic. [13808/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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The flexible approach taken by Revenue to debt collection, accrual of interest and enforcement activity to date has provided vital liquidity support to businesses during the COVID-19 crisis.

In this context, Revenue has emphasised the importance of businesses continuing to file tax returns promptly, even in circumstances where they cannot pay the associated liabilities. Revenue has also acknowledged that some businesses may have difficulty in completing accurate returns due to the pandemic and in such circumstances advises that they submit a best estimate, which can be amended at a later date if necessary. This is important to enable both Revenue and my Department to have a clear picture of the portfolio of emerging tax debt, particularly debt that may be included in the proposed tax ‘debt warehousing’ arrangements that will be provided for in future legislation. In relation to ‘debt warehousing’, it will be a condition of that scheme that tax returns are up to date.

It is too early to make decisions regarding tax filing deadlines that fall due later in the year, for example the self-assessment ‘pay & file’ date of 31 October 2020 (12 November if filing and paying via ROS), as it is not possible to fully predict the progress of public health measures and their impact on the ability of businesses to meet tax filing and payment obligations. However, I have every confidence that Revenue will make appropriate decisions regarding these matters in due course and will continue to support businesses affected by the pandemic to the greatest extent possible, as has been the case to date.