Oireachtas Joint and Select Committees
Thursday, 24 January 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Brexit Preparedness and Related Matters: Revenue Commissioners
Mr. Niall Cody:
In the context of speeding up the process because of the no-deal, we are looking at an additional €32 million for this year. I mentioned earlier that we collect customs duty on behalf of the EU. It was €333 million last year. We still retain 20% of customs duty. We have been collecting it since time immemorial. It used to be 25% that the State would retain. It is now 20%. Deputy Michael McGrath and myself were chatting about whether the pure additional customs duty that will be collected would be €500 million or whatever. From a purely Revenue perspective, the additional proportion does not stay with us. It goes into the Exchequer and it goes back in the Estimates. We do not keep the 20%. The State keeps it. On a purely Revenue basis, we will probably collect what it will cost Revenue but the cost of the rest, such as the infrastructure, will not be in our budget. It will be in the OPW's.
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