Results 30,381-30,400 of 34,885 for speaker:Seán Fleming

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Therefore, we are discussing those who do not make the return. Ms Feehily cannot answer that until the first week in June.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Does the Office of the Revenue Commissioners have a budget for the local property tax? Would it be €10 million or €20 million, with 100 staff or more involved?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: How much is it going to cost to set up and implement the system to the end of this year?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: So it is about 10% of the target.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: It is 60 cent nowadays, since 1 April.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: In a normal year, if the take is €500 million, the office will be allowed €10 million in running costs, or 2% of the total.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: There will probably be a blip in 2016 when people can change their valuations. There will probably be an extra cost that year, or will that be done by the local authorities?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: There is an assumption in all the forms that the rate holds for three years, from 2013 to 2016. My general impression is that the valuation holds until 2016.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Explain that to me, because I was not aware of it.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Everybody thought the value was set from 2013 until 2016, but Ms Feehily is saying that from September next year the Revenue Commissioners can be on notice from local authorities of a 15% increase in-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: So it is not the valuation of the house.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: This is the three-card trick, but not being played by the Revenue Commissioners. The people are being told the valuation is set, unless someone sets it at the lowest valuation of €90 per annum. I and everybody else understood that the valuation would hold for three years and I have met no-one who understood any different until now. Now, Ms Feehily seems to be saying that in...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: It can increase the rate by up to 15%.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: I understand that.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: We understand that. However, this is a shock to me. Perhaps I did not see what was happening, but I understood the value set on the house would not change.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Everyone assumed that once the value set on the house did not change, the payment would not change. However, Ms Feehily is now telling me that is not the case - that the value on the house can remain the same, but the charge based on the valuation can change if local authorities notify the Revenue Commissioners by September of next year.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: So local authorities can, by September of next year, inform the Revenue Commissioners that although the house values may stay the same, the rate applicable to the values may increase by 15%. In effect, the amount the householder will have to pay can rise by 15%, if the Revenue Commissioners are notified by the local authority to that effect.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: With regard to people who signed direct debits, which are like an electronic cheque-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Does that allow the Revenue Commissioners the authority to change the payment being taken from the person's bank account by up to 15% if the local authority informs it the rate has been changed?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade (9 May 2013)

Seán Fleming: Can that information be extrapolated? I ask Mr. McCarthy to explain how it was that the Waterford case dealt with imports. Was that a separate exercise? The report seemed to concentrate on exports but the Waterford cases are related to imports. I ask that this be explained for non-technical people.