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 John BrassilJohn Brassil (Kerry, Fianna Fail) | Oireachtas source

It has been brought to my attention that with the transfer of shares, the Revenue was fully informed of these patronage shares, their value and how to treat them. I contest the claim it has only come to Revenue's notice now. That needs to be teased out in the test case. If a person seeks advice from the Revenue, they have to accept that advice is accurate and accept it in good faith. I am sure the person giving the advice gave it on good faith.

We are going back to the point of fairness.

Nobody here is trying to avoid paying tax. All these people are tax compliant. They make their submissions every year, seek their tax clearance certificates and pay what they are due to pay. We are dealing with an honourable group of people who feel very let down by the system. However, we will not agree on that type of thing today. It is something that must be thrashed out in the fullness of time through the test case.

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