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:

As we said earlier, the impact of Brexit will increase costs on business and on SMEs. Regardless of what trade deal there is, for customs formalities, as I stated at the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach of the previous Dáil, to put a figure of €70 to €150 per transaction is probably not far out. That is a huge cost on business and will be a big impact. The extent to which businesses can divert from the land bridge, and that has regard to the nature of the goods, is something that will seriously have to be looked at by business. The indications from the ferry companies, and I know the Deputy has spoken about it, are that they will be able to provide the additional facilities. I do not know.

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