Revenue to be ‘pragmatic’ on Fastway closure
Revenue has said that it will be “pragmatic” in its approach to those affected by the closure of Fastway Couriers.
The courier company’s owner announced earlier this week that it was entering receivership.
Revenue said that it was aware that “several hundred” sub-contractors, franchisees, and solo operators across the delivery network might be affected by the development.
The tax body added that it understood that this disruption could have an impact on their timely tax compliance.
Flexible arrangements
“Revenue appreciates that this is a worrying time for those affected and confirms that it will work with individual couriers and businesses that have been adversely impacted to ensure that good compliance records can remain on track despite the loss of their contracts with Fastway,” it stated.
“As part of this, Revenue will be pragmatic in its approach where couriers experience cashflow difficulties as a result of the loss of business or payments,” Revenue said.
Citing its “proven track record” of agreeing flexible arrangements with firms facing temporary cash-flow problems, it urged individual couriers and businesses hit by the closure of Fastway is to contact the Collector-General’s office “as quickly as possible”.