Oireachtas Joint and Select Committees

Wednesday, 19 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2014: Committee Stage (Resumed)

11:00 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I got some of that but I will have to study carefully what the Minister said and pass it on to people who are dealing with it at the coalface. I am aware the public contract side of this has to do with other Departments but major concern was expressed about the Revenue side of it. If the RCT1, if that is what it is called, holder who is the sub-contractor is not known to Revenue, the proportion of tax they should have paid will be paid by the principal contractor or a penalty will be applied. Am I correct in that?

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