Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners

10:00 am

Photo of Joe CostelloJoe Costello (Dublin Central, Labour)
Link to this: Individually | In context | Oireachtas source

I would like to ask a question about Revenue's accounts for 2014, the budgetary process and the gross receipts. I notice that in 2014, the estimate in the budget was €40.158 billion and the gross receipts were €47.147 billion. There was quite a divergence between the estimate and the actual receipts. What role does Revenue play in the estimates for the budget? What engagement does it have in that regard? It would seem that there was quite a divergence in this case, when one looks at what actually transpired.