Oireachtas Joint and Select Committees
Thursday, 13 October 2016
Public Accounts Committee
2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
9:00 am
Mr. Niall Cody:
Yes. We were trying to come up with a word for it because we in the tax world do not like to use the term "amnesty".
What we came up with is that it is an anti-amnesty. Currently, if one comes to us voluntarily to make a disclosure about serious tax evasion involving an offshore matter, one can get the penalty mitigated down to 10%. Subject to legislation and it being passed by the Oireachtas, our proposal is that this mitigation of the penalty will be gone.
No comments