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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
(25 Jan 2024)

Brian Stanley: It kicked in on 1 January. The corporation tax receipts last year were up again, including in the last quarter, if I remember correctly. Is there any evidence that there was a bit of front-loading going on to try to come in at the 12.5% rate?

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
(25 Jan 2024)

Brian Stanley: Is there any evidence of creative accountancy?

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
(25 Jan 2024)

Brian Stanley: Does Mr. Cody forecast that the income from corporation tax will be stable in the current year, that it will hold up, based on what he is seeing to date? I know it is early days but-----

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
(25 Jan 2024)

Brian Stanley: I know that but Mr. Cody does have-----

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
(25 Jan 2024)

Brian Stanley: I suppose it is based mainly on the last quarter, in terms of the health of companies and the health of our tax receipts.

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
(25 Jan 2024)

Brian Stanley: Is that based on what has happened in the past four months or so?

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
(25 Jan 2024)

Brian Stanley: What percentage do the top ten companies pay?

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
(25 Jan 2024)

Brian Stanley: Was that in 2023?

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
(25 Jan 2024)

Brian Stanley: That figure has been mentioned before. In 2022 it peaked at 57%. That concludes our questions. I thank the witnesses from the Revenue Commissioners and the Department of public expenditure for attending and for helping us to prepare for today's meeting with the information they supplied. I also thank the staff of the Office of the Comptroller and Auditor General for their work in...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: The public business before us this afternoon is as follows: minutes; accounts and financial statements; correspondence; work programme; and any other business. The minutes of our meeting of 18 January have been circulated. Do members wish to raise any matter relating to them? Are the minutes agreed? Agreed. As usual, they will be published on the committee’s webpage. We move...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: Does any member wish to raise anything regarding the accounts and financial statements?

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: Is the listing of accounts and financial statements agreed? Agreed. As usual, these will be published as part of our minutes. Moving on to correspondence, three previously agreed items that were not flagged for discussion at today's meeting will be dealt with in accordance with the proposed actions that have been circulated. Decisions taken by the committee in relation to correspondence...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: Originally the expectation, or certainly my understanding, was that we would have both reports by the end of November. We did not have them. Meanwhile we had to proceed with the draft document and work is at an advanced stage on it. We have this report out today and it has significant findings. Nobody has read it in full at this point. For anyone who has seen it, or seen some of the...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: -----and the McCann Fitzgerald report on the exit packages and goodbye money. It is due out. The letter we have today indicates that it will come soon. It may be out in the next week or two. So that we do not come back again for a third time, we should look for an extension of our remit to deal with both issues. This would be the best course of action to take.

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: We do not want this going on forever and a day.

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: Many of the issues have been well flagged. There are a number of major issues arising in the report on "Toy Show The Musical", some of them not unexpected. They are a mirror of some of the other issues we covered throughout the year regarding governance, accountability, the lack of information flow, board accountability and accountability to the board. In this case there are problems with...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: There is not much else to be said on this. People will read the report with interest, I am sure, over the next day or two. It will be bedtime reading. The next category is category C, correspondence from and related to private individuals and any other correspondence.

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: Yes.

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: We are moving onto that now. There is a typo in the speaking note. It is No. R2283 from Ms Orla Twomey, chief executive of the Advertising Standards Authority of Ireland, dated 10 January 2024. It provides the decision of the complaints committee in relation to a complaint from this committee about the national lottery. It arose from our hearing with the national lottery. After...

Public Accounts Committee: Business of Committee (25 Jan 2024)

Brian Stanley: It is very important. It is about making the corrections. No. R2317 C is from an individual and is dated 14 January 2024. It seeks an update on matters arising from the committee's meeting with Inland Fisheries Ireland on 6 July 2023. I propose that we inform the correspondent that the committee will meet with the IFI on 7 March to examine the matters raised and any other issues arising...

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