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:
No. We have debt in addition to the warehouse. The total is €3.6 billion. Of that, €1.7 billion or €1.8 billion is in the warehouse. Then €348 million of it is under appeal so is not available for collection. There is €63 million of it undergoing insolvency. We talk about debt available for collection. There is €1.4 billion available for collection and that is going through various stages. Back in 2019, the debt available for collection was under €1 billion. That was always our target. Most of it was less than two months old. During Covid we suspended applying interest or referring cases to the sheriff. The reality is-----