Oireachtas Joint and Select Committees

Thursday, 20 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 23 - Revenue Collection
Chapter 24 - Management of Revenue Debt
Chapter 25 - Taxpayer Compliance
Chapter 26 - Corporation Tax Losses
Chapter 27 - Tax Audit Settlements

11:50 am

Mr. Seamus McCarthy:

I also draw attention to Figure 27.5 in Chapter 27. We wanted to look at the specific point of how much, where a settlement had been agreed, of the amount of the settlement was collected and how much was still outstanding. We took samples of around 25 cases per year settled from 2007 to 2012, plus the ones that we had already looked at in more detail, and we looked at the total settlement amounts. One gets the amounts paid, the amounts written off and the amounts outstanding, and then there is a figure for cases in which the status on the Revenue records was not known. The Chairman of the Revenue Commissioners has provided an update on that, and there is movement between the not-known column and the paid column, so more of it has been paid since we completed the report. But there is still a figure there that is outstanding, which I suspect in the fullness of time may come up for consideration for being written off, so there is an element of moneys that are not and never will be collected.