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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Limited-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Yes, can I-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Revenue works under the legislation, which states that the payment is not due until 1 January. The problem is that a person using the online system who wishes to pay by credit or debit credit card cannot state that preference without paying now. However, under the legislation the payment is not due until 1 January. There is a glaring contradiction in that. This is about practicalities. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Older people have a bigger problem with this. Can Ms Feehily give a commitment that they can go along before 14 November and do not wish to pay until 1 January? In some cases it may suit people to hold out until 1 January and under the legislation they are not required to pay until 1 January. Can they write on the manual form that they will be paying by cheque and the cheque will reach...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: I accept that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: However, we need to go back to the source legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Under the manual system, people can write on it, submit the form and they can pay on 1 January. I am working from the legislation. Revenue does not want to separate the payment from the filing which is fine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: Will Revenue allow that people, who want to do it by direct debit, to do it from the 27th and the people who want do it by debit or credit card to do it on 1 January?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)

Kieran O'Donnell: What about for future years?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: I welcome our guests and I apologise for my late arrival. Will they indicate how the tracks are performing in 2013? Mr. Murnane provided figures for 2012 in this regard.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: How are they doing in general?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: Approximately 10,000 people are employed in the industry. How many of the 17 tracks within the industry are privately owned?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: So the other ten are operated by Bord na gCon.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: Youghal continually appears to be operating at a loss. The Comptroller and Auditor General referred to the issue of maintaining a going concern and the level of debt involved. How does Youghal fit into Bord na gCon's plans for the future. I may be going over old ground here.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: What about Limerick?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: I read Mr. Neilan's presentation, particularly that part of which relates to addressing the level of debt. In the context of moving forward, when will the industry reach the point where it will be repaying capital and where its level of debt will be sustainable? Again, I may be going over old ground but-----

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: What is the current level of debt? It was €22.2 million at the end of December 2011.

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: What is the term of that loan?

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: In the context of the term of the loan, have our guests come up with-----

Public Accounts Committee: Bord na gCon - Annual Accounts 2011 (7 Nov 2013)

Kieran O'Donnell: In the context of the negotiations with the banks, what is the typical lifespan of a track? Am I correct in stating that a portion of the €22.2 million relates to a short-term overdraft?

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