Measures introduced by Revenue to assist businesses experiencing cashflow and trading difficulties generated liquidity support of €1.3bn from the time they were introduced until the end of April, according to new data from the Department of Finance.
More than 61,000 VAT and PAYE registered businesses have benefited the Minister for Finance, Paschal Donohoe, told Fianna Fail's finance spokesman, Michael McGrath, in an answer to a parliamentary question.
Revenue is currently analysing debt incurred since the onset of the pandemic crisis and will publish further information on this in due course, the response also said.
Among the measures that Revenue has in place are the suspension of the charging of interest on late payments for February to June PAYE employers liabilities.
It has also suspended the charging of interest on late payments of VAT for the January/February, March/April and May/June periods.
All debt enforcement activity has also been suspended.
It is also introducing a scheme that will allow it warehouse deferred tax debts associated with the COVID-19 crisis.