Oireachtas Joint and Select Committees

Wednesday, 15 May 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Revenue Commissioners: Discussion

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

I thank Mr. Cody for being here. His statement is short but it has a lot of information about where we are and the risks ahead of us. The main matter that sticks out is that there seems to be substantially different profiles between the two groups, namely, those who have engaged and those who have not. On the face of it, it seems that larger companies with a larger quantum of debt warehousing are more likely to have engaged and have phased payment arrangements. We can only work out the averages. For companies that have not engaged, it seems the average tax arrears are around €17,000, but for that have engaged the average is roughly €90,000. However, a lot of information can be hidden in averages. The purpose of the 0% rate was to help small businesses that do not have cash reserves or access to finance and for which even a small increase in costs could be detrimental.

I have a few questions to dig a bit deeper there. How many businesses of the total 12,269 that have engaged with Revenue have tax arrears above €1 million?

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