Revenue offer advice to people impacted by rising fuel costs
Revenue has said it will engage with any businesses struggling to cope with rising fuel costs.
While the fuel protests and blockades around the country enter their fourth day, many people are feeling the pinch as a litre of diesel reaches well over €2, while petrol is hovering near the €2 per litre point.
With panic buying also setting in and costs of other fuels, including kerosene, which heats homes, skyrocketing Revenue has told people affected to engage with them and agree on mutually suitable arrangements.
Revenue has said that it will engage with any businesses that have been adversely affected by the rising fuel costs. Pic: Getty Images
‘Revenue is aware that the rise in fuel and other costs may cause cash flow difficulties for certain individuals and businesses,’ a statement from Revenue said.
‘Revenue appreciates that this is a difficult time for those affected and confirms that it will work with taxpayers that have been adversely impacted to ensure that good compliance records can remain on track. ‘
James Twohig, Collector General at Revenue, said that Revenue will engage with any viable businesses that are experiencing cash flow difficulties due to the rise in fuel and other costs, saying that they will adopt a ‘pragmatic approach’ to businesses that have been affected.
Pic: Colin Keegan/Collins Dublin
‘Rising fuel and other costs have affected businesses in a variety of ways,’ Mr Twohig said. ‘Revenue acknowledges that it can be a worrying time in terms of the ability to keep an otherwise good tax compliance record on track.
‘Revenue will adopt a pragmatic approach where businesses have been adversely impacted because of rising fuel costs.
‘Revenue has a strong track record in successfully agreeing flexible and appropriate payment arrangements where businesses are facing temporary cash flow difficulties, and we will work with those affected by rising fuel and other costs to take their financial circumstances and capacity to pay into account,’ he added.
Pic: Shutterstock
Advice Mr Twohig has for taxpayers who have been affected by the rising fuel costs include:
Continuing to send in your tax returns on time, and
Engaging early with Revenue if you run into difficulty in paying taxes.
Mr Twohig added that, instead of ‘hoping’ that payment difficulties will resolve in time, if you’re adversely impacted by rising fuel costs, you should proactively engage with Revenue to agree arrangements that suit both you and them.
