Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Small Companies Administrative Rescue Process: Discussion

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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That brings me to my next question. It relates to the debt warehousing scheme which, as we know, ended last Wednesday. Some 55,000 companies still owe Revenue a total of €1.65 billion under this scheme. How many companies have not engaged with Revenue in this regard? We know that some are engaging. It is not necessarily that people have their heads in the sand. They may be trying to get their companies into a good position and get everything sorted before they engage with Revenue. I fully appreciate that Mr. Purtill will say they should do so at any time. I get that but it is not necessarily the case that their hands are in the sand. Maybe they know they have to do it. Does Mr. Purtill have an estimate of how many companies have not engaged with Revenue and have been issued with a full bill for their tax liabilities? Will all of these businesses now, as a matter of course, be excluded from the SCARP process?