Oireachtas Joint and Select Committees

Wednesday, 7 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners.

2:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

I will cut to the chase. The letter basically tells people that to avail of the opportunity to make such a disclosure they should respond to Revenue with a computation of tax together with the appropriate payment, which is within the 21-day period. What we seek today is straightforward. We want Revenue to issue a letter before next Friday because people are petrified by the 21 days' notice. We want Revenue to state that it will now facilitate 60 days thus allowing the 21 days gone but adding 39 days and it will allow for a test case to be heard before the 60-day period has elapsed. We want Revenue to state that it will not raise the assessments. Revenue has the power not to raise assessments.

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