Oireachtas Joint and Select Committees

Wednesday, 15 May 2024

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

Revenue Commissioners: Discussion

Mr. Niall Cody:

Last Thursday, when we issued the letters. There were 11,700, I think, involving approximately €199 million. Two days ago, that figure was down to €175 million. I was surprised by this. I thought that once we had reached that level - some of it was not just put under an insolvency. Some - probably €12 million - was paid in full. It will be interesting to see what the figures are the day after tomorrow. The reality, as I said earlier, is that there are a core of businesses that traditionally nearly require a demand from the sheriff to respond. Overall, I am surprised that we are in such a strong position. I worried that we would not be. Ultimately, if €120 million of debt was warehoused from the very start and written off as uncollectable-----

Comments

No comments

Log in or join to post a public comment.