Oireachtas Joint and Select Committees

Thursday, 4 May 2017

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

Scrutiny of EU Legislative Proposals

10:00 am

Mr. Pádraig Dalton:

First, there is a threshold for reporting on INTRASTAT. The threshold is set at a level where we still must collect export data from almost 200 enterprises and import data from a similar number. That provision goes way beyond the multinational enterprises. One can see from the concentration in yesterday's statistics on foreign direct investment that large multinationals mean about 20 enterprises. The regulation will hit large multinationals but it will also have an impact on SMEs. The regulation goes ways beyond the multinational perspective.

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