Oireachtas Joint and Select Committees
Thursday, 25 January 2024
Public Accounts Committee
Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses
9:30 am
Mr. Niall Cody:
It was part of the conditions of the warehouse scheme that the 3% would apply to that debt once it stays in the warehouse. The way they stay in the warehouse is paying their current taxes. If they fail to meet current liabilities, the €21,000 comes out of the warehouse; then it attracts the 10% rate and also attracts immediate debt enforcement.