Oireachtas Joint and Select Committees

Wednesday, 13 June 2018

Committee on Budgetary Oversight

Fiscal Assessment Report June 2018: Irish Fiscal Advisory Council

2:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

Is there a calculation? The additional expected EU contributions the country has to make have been calculated. Alongside a distortion or expansion in corporation tax for the reasons we understand, does Mr. Coffey agree that, in the comparison with this corporation tax figure, the VAT figures are underperforming? I do not know whether he has commissioned a study from Revenue. There is something inconsistent about the VAT figures. Perhaps Revenue knows the answers in this regard. In the context of the corporation tax figures, the VAT figures should indicate and be consistent with lot more activity in the economy. The PRSI and PAYE figures seem to be more in line with growth. Perhaps it is a time lag - I do not know - but does Mr. Coffey have any sense as to why the VAT figures seem to be out of line?

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