The Commissioner for Revenue has introduced a Tax Deferral Scheme intended to improve the liquidity ratios of self-employed persons and companies that have suffered a significant downturn in their turnover as a result of the COVID-19 pandemic.
The Scheme is applicable to businesses and self-employed that are obliged to pay the following taxes that fall due in March and April 2020:
- provisional tax;
- employee taxes;
- maternity fund payments;
- social security contributions; and
- VAT.
The notice is available on the following link.
Contact us for more information or to solicit advice.
