All Countries
International Trade
Tax Payment Agreement

Tax Payment Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Tax Payment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Tax Payment Agreement

"I need a Tax Payment Agreement for my manufacturing company to settle €250,000 in outstanding VAT and corporation tax, with monthly installments over 24 months starting March 2025, including provisions for security against company assets."

Celebrated by
Collaborations with
Investors
Document background
A Tax Payment Agreement is utilized when a taxpayer in Ireland requires a structured arrangement to settle outstanding tax liabilities with the Revenue Commissioners. This document becomes necessary when full immediate payment isn't feasible, and a managed payment plan needs to be established. The agreement is particularly relevant during financial difficulties, business restructuring, or when managing substantial tax assessments. It details payment schedules, interest applications, and compliance requirements while ensuring adherence to Irish tax legislation. The document serves as a legally binding commitment between the taxpayer and Revenue, offering protection to both parties while facilitating tax collection in a managed, systematic way. Such agreements are subject to Revenue's guidelines on phased payment arrangements and must align with current Irish tax administration practices.
Suggested Sections

1. Parties: Identification of the taxpayer and the Revenue Commissioners

2. Background: Context of the tax liability and circumstances leading to the payment agreement

3. Definitions: Key terms used throughout the agreement including Tax Liability, Payment Schedule, Default Events

4. Tax Liability Acknowledgment: Formal acknowledgment of the total tax liability amount and breakdown by tax type and period

5. Payment Terms: Detailed terms of payment including installment amounts, payment dates, and payment methods

6. Interest and Penalties: Terms regarding the application or suspension of interest and penalties during the agreement period

7. Taxpayer Obligations: Ongoing compliance requirements and reporting obligations during the agreement period

8. Default Provisions: Consequences of missing payments or breaching agreement terms

9. Representations and Warranties: Taxpayer's confirmations regarding financial status and ability to pay

10. Governing Law: Confirmation of Irish law governing the agreement

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Security Provisions: Required when security or guarantees are being provided for the tax liability

2. Third-Party Guarantor: Include when a third party is guaranteeing the payment obligations

3. Asset Disclosure: Required for high-value tax liabilities where Revenue requires asset verification

4. Tax Clearance Provisions: Include when agreement includes provisions for obtaining tax clearance certificates

5. Debt Write-Off Terms: Include when agreement involves partial write-off of tax liability

6. Reporting Requirements: Additional reporting obligations for complex cases or high-value agreements

Suggested Schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts and due dates

2. Schedule 2 - Tax Liability Breakdown: Itemized list of tax liabilities by type and tax period

3. Schedule 3 - Required Documentation: List of supporting documents to be maintained/submitted during agreement period

4. Appendix A - Direct Debit Mandate: Required forms for setting up automatic payments

5. Appendix B - Financial Statement: Current financial position of the taxpayer

6. Appendix C - Compliance Requirements: Detailed list of ongoing tax compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Tax Liability
Payment Schedule
Revenue Commissioners
Taxpayer
Business Day
Commencement Date
Default Event
Due Date
Effective Date
Interest Rate
Late Payment Penalty
Payment Terms
Instalment Payment
Security
Tax Period
Outstanding Balance
Authorized Representative
Compliance Requirements
Tax Clearance Certificate
Notice
Material Adverse Change
Guarantor
Force Majeure Event
Working Day
VAT
Tax Returns
Payment Method
Termination Event
Confidential Information
Related Parties
Security Interest
Relevant Tax Laws
Enforcement Action
Default Interest
Repayment Schedule
Relevant Industries

Retail

Manufacturing

Construction

Professional Services

Technology

Healthcare

Hospitality

Real Estate

Financial Services

Transportation

Agriculture

Education

Non-Profit Organizations

Entertainment and Media

Energy and Utilities

Relevant Teams

Finance

Accounting

Tax

Legal

Treasury

Compliance

Risk Management

Corporate Governance

Executive Leadership

Administrative

Relevant Roles

Chief Financial Officer

Finance Director

Tax Manager

Financial Controller

Accounts Payable Manager

Treasury Manager

Tax Accountant

Compliance Officer

Corporate Secretary

Financial Planning Manager

Risk Manager

Tax Consultant

Legal Counsel

Managing Director

Business Owner

Industries
Taxes Consolidation Act 1997: The primary legislation governing the administration and collection of taxes in Ireland, including provisions for payment arrangements and settlements with the Revenue Commissioners
Finance Act 2022: The most recent Finance Act which updates tax provisions and may affect payment arrangements and obligations
Value-Added Tax Consolidation Act 2010: Legislation governing VAT obligations and payment arrangements if VAT is part of the tax payment agreement
Tax and Duty Manual Part 37-00-30B: Revenue guidelines on Tax Payment Arrangements and Phased Payment Arrangements, including installment payment procedures
Code of Practice for Revenue Audit and other Compliance Interventions: Guidelines for Revenue interactions with taxpayers, including procedures for payment agreements and settlements
Statute of Limitations 1957: Relevant for determining time limits for tax collection and enforcement of payment agreements
Data Protection Act 2018: Ensures compliance with GDPR requirements in handling taxpayer information during payment agreement processes
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Tax Funding Agreement

An Irish law-governed agreement establishing tax funding arrangements between parent companies and subsidiaries within corporate groups.

find out more

Unilateral Advance Pricing Agreement

An Irish Unilateral APA establishing agreed transfer pricing methodology between a taxpayer and Irish Revenue Commissioners for specific intercompany transactions.

find out more

Tax Payment Agreement

An Irish law-governed agreement between a taxpayer and Revenue Commissioners establishing structured payment terms for outstanding tax liabilities.

find out more

Fuel Tax Agreement

An Irish law-governed agreement establishing fuel tax compliance requirements between Revenue Commissioners and fuel suppliers, covering tax calculations, payments, and regulatory compliance.

find out more

Tax Indemnification Agreement

An Irish law-governed agreement establishing tax indemnification obligations between parties, defining protection against specified tax liabilities and related procedures.

find out more

Tax Sharing Agreement

An Irish law agreement establishing tax sharing arrangements between corporate entities, defining allocation of tax liabilities and benefits while ensuring compliance with Irish tax legislation.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.