Self employed, business going into liquidation (warehousing debt) and state pension

H

hizzy

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Hi, I am looking for some help in relation to my warehouse debt with revenue. I have a small business that unfortunately has to cease trading, I have the funds to pay redundancy for 3 staff and I thought I could take redundancy, it’s not a huge amount. My accountant informed me that I would not have to repay the warehouse debt, and now he has come back and said I have to repay it. Could anyone advise me please. Also, if I repay the debt that means there is no funds for my redundancy which would be around €25,000, can my staff get the redundancy from the government.

Many thanks
 
Anything useful here or in the further guidance links/docs?

Debt warehousing

This page explains the Debt Warehousing Scheme
www.revenue.ie www.revenue.ie
hizzy said:
My accountant informed me that I would not have to repay the warehouse debt, and now he has come back and said I have to repay it.
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Ask him to explain this to you in more detail maybe?
hizzy said:
can my staff get the redundancy from the government.
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Any use?

Redundancy Payment Scheme

The Redundancy Payment Scheme makes statutory redundancy payments from the Social Insurance Fund to an employee where an employer is unable to make a statutory redundancy payment.
www.gov.ie www.gov.ie

What the Redundancy Payment Scheme is​

A statutory redundancy payment under the scheme is a payment from the Social Insurance Fund by the Department of Social Protection to an employee where an employer is unable to make a statutory redundancy payment.
Click to expand...
 
Your heading is confusing.

You describe yourself as self-employed.

But then you say "liquidation". Companies go into liquidation, not self-employed people.

I presume you are self-employed and not a limited company?
 
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