Oireachtas Joint and Select Committees
Thursday, 28 November 2019
Public Accounts Committee
2018 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 17 - Tax compliance interventions
Chapter 18 - Tax relief on film production
9:00 am
Mr. Niall Cody:
I was going to explain how the flat-rate system works, but then the Deputy probably knows how it works as well as I do. Basically, the flat-rate system works by an addition of a percentage to the price paid by the registered purchaser, which is 5.8%. So, if an unregistered farmer sells his cattle, he gets an additional 5.8% on the price. What that is meant to do is to compensate the farmer for the VAT on the inputs-----