Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Public Accounts Committee

2018 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 17 - Tax compliance interventions
Chapter 18 - Tax relief on film production

9:00 am

Mr. Niall Cody:

The largest sector in payment terms was manufacturing, which accounted for 31% of the net receipts. Receipts from financial and insurance services, which was the largest sector in 2017, fell during 2018 despite the overall increase in receipts. Over 55,000 companies paid CT in 2018 and the number of net payers increased by 5,000. The total trading profits in 2017 were €159 billion, which was an increase of €238 million on the previous year. Around 25,000 companies used losses in 2017. A certain amount of companies which have used up their losses and did not pay the previous year are paying now. The report is on the screen and the detail is in that report. On 30 April next year we will be publishing the updated report on those figures as well as any other reports we have ready. Over the last four years, we have tried to make as much information available as is possible while having regard to taxpayer confidentiality.

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