Oireachtas Joint and Select Committees

Thursday, 19 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 – Office of the Revenue Commissioners
Central Fund Related Accounts - Revenue Account 2019

11:30 am

Mr. Niall Cody:

The Minister has made it clear that he will review the EWSS. The legislation provides a mechanism for an interim review. The EWSS is to run until the end of March. In the discussions on the Finance Bill, it has been indicated that this matter will be kept under consideration. We are also dealing with the Covid restrictions support scheme, CRSS, now.

The problem with Revenue is that we use initials for everything. We are now looking at CRSS and how it will work. We also have a debt warehousing provision which is important and is neglected a lot. There is over €2.2 billion in debt warehousing that would have been payable between March and now. We have effectively parked that to allow businesses to deal with other cashflow issues.

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