The Revenue has allowed around 900 companies to pay tax debts amounting to €84m in instalments because of financial difficulties, The Sunday Business Post reports.
Under the Case Decision Escalation Framework introduced last year, companies can plead inability to settle in full and opt instead for phased payments. So far, 900 companies have availed of this.
Revenue chairwoman Josephine Feehily said the taxman had no desire to come down hard on innocent victims of the recession but urged businesses to engage early and openly.
However, the Revenue has never disclosed the criteria for allowing phased payments and warns that “it will not become a banker of last resort”.