Results 14,001-14,020 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: That would hold-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: With a sealed container, there would be no change.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: I have two quick questions. The competency for customs rests with the European Union. I want follow up on that. At the moment, what happens if we import from a third country outside the EU? How do we meet the requirement under the Single Market and EU customs rules? Is that down to an interpretation by the Revenue Commissioners in Ireland and each individual country? Is that a correct...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: That is not a bad exercise for the Revenue Commissioners in light of its dealing with customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Let us suppose this step is taken and the UK becomes a third country. What are the practicalities? How would the arrangement operate? Will the Irish Revenue Commissioners and the Customs and Excise be required to get sign-off from the EU on whatever scheme is put in place to deal with goods being imported from the UK to Ireland? Will it be down to operating under the same scheme that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: So, it is there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: People and business associations are asking us questions also. I apologise for missing part of the meeting but I want to refer to the issue around cashflow for business. The biggest change this will bring about, apart from the timing in terms of getting physical goods in or whatever, will be to cashflow. I refer to businesses being required to come up with a comprehensive guarantee. One...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: The rate they would be charged for the goods would be based on the rate that would typically apply in Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Has Revenue estimated what it expects that figure will be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: The figure would be about €3 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: It is €3 billion in total.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: All of that would be reclaimed in terms of bimonthly VAT returns.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: I want Mr. Cody to deal with the guarantee.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Do individual countries have competency? I know Revenue has to interpret the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Do they have competency on the rate of VAT and on how the VAT is collected?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Technically, Revenue could have a position whereby people would not be required to pay the VAT until they reclaimed it. Effectively, this would create a contra.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Revenue could actually-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)
Kieran O'Donnell: Would Revenue have no objection to that?