Oireachtas Joint and Select Committees
Thursday, 25 January 2024
Public Accounts Committee
Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses
9:30 am
Mr. Niall Cody:
The Department of Finance leads on forecasting. Yesterday, the Estimates for the Department of Finance and the Office of the Revenue Commissioners were presented and the Minister was having this same discussion about the implications with Deputy Doherty.
What the Minister said is that his officials are working on it and he should be in a position to have indications within the next few weeks. But if you look at the volatility of corporation tax receipts for the last ten years, it shows that it is the hardest tax to forecast because it is hugely influenced by profitability.
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