Revenue has said that it is aware that the rise in fuel and other costs may cause cash flow difficulties for certain individuals and businesses. 

Revenue said that it appreciates that this is a difficult time for those affected and confirmed that it will work with taxpayers that have been adversely impacted to ensure that good compliance records can remain on track. 

Today (Friday, April 10) Collector-General James Twohig outlined that Revenue will engage with any viable business that experiences cash flow difficulties due to the rise in fuel and other costs.

The Collector-General stated: “Rising fuel and other costs have affected businesses in a variety of ways.

"Revenue will adopt a pragmatic approach where businesses have been adversely impacted because of rising fuel costs."

Revenue cooperation

The collector-general outlined that Revenue has a strong track record in successfully agreeing flexible and appropriate payment arrangements where businesses are facing temporary cash flow difficulties.

He added that Revenue will work with those affected by rising fuel and other costs to take their financial circumstances and capacity to pay into account.

Affected taxpayers are urged to take the following practical steps:

Continue to send in your tax returns on time;
Engage early with Revenue if you run into, or are facing, difficulty in paying your tax.

Rather than hope that such payment difficulties will resolve in time, Revenue's advice to taxpayers adversely impacted by rising fuel and other costs is to proactively engage with the department to agree mutually suitable arrangements.