Oireachtas Joint and Select Committees

Thursday, 8 December 2022

Public Accounts Committee

Vote 9 - Office of the Revenue Commissioners
2021 Report of the Office of the Revenue Commissioners
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 15 - Collection of VAT on e-Commerce
Chapter 16 - Revenue's Suspension of Periodic Reviews of Tax Clearance Certificates
Chapter 17 - Overstatement of Certain Unallocated Tax Deposits

9:30 am

Mr. Niall Cody:

The Deputy has raised a whole range of issues there around corporation tax. Obviously, there is a huge focus on corporation tax. Since 2016 we have published comprehensive reports on corporation tax. We feel this is a major contribution to the public debate. As I said in the statement, the figures for corporation tax in the past number of years have increased massively. Until the end of November - I must remind myself of the figure - it was €21 billion. November is the largest month. November just gone was the largest month on record for total tax receipts: €13 billion was collected with €5.5 billion in corporation tax. Exchequer receipts are at €77 billion for the first 11 months. December is not as big a month for tax receipts as November. The reality is that Exchequer receipts are probably going to be at least €80 billion or €82 billion compared to-----

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