Results 4,481-4,500 of 34,779 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: Okay, but the report deals mainly with the export side, or at least that is my reading of it. Perhaps the import side is also dealt with in the report. Can any of the witnesses deal with the €2.5 million figure?

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 included services.

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 did not pick that up from the report.

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: Is that because they were imports to start with?

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: The earlier cases were service exports and the Waterford case was imports.

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: Fine.

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: Ms Feehily sent us a letter on 1 May which referred to Revenue reviewing the details of its approach in the light of findings and recommendations, if any, from this committee. That puts the ball in our court to some extent. Ms Feehily referred to figures for companies between €1 million and €10 million. Will Ms. Feehily supply those figures to us because we have not seen...

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: That is fine. I ask that Ms Feehily sends on the additional information we require.

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 thank Ms Feehily for 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: 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...