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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Roughly, what percentage of cases go to hearing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: We do not see what happens in 90% of cases; we only see what happens in 10% of them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: I am interested in knowing whether some people are submitting spurious appeals in the hope they will not have to pay something. Generally, people have legitimate and genuine concerns. It may be a misunderstanding and they may win. I am just trying to get my head around the issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Typically, how long does it take? If a case is submitted today, on average, when will it be resolved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Is there a chance to improve that figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: In an ideal world, to what would it be reduced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: I have one final comment which may not be related to anything. I had a query from someone about a farm consolidation scheme procedure. In theory, a farmer was supposed to get relief if he reduced the number of holdings he had. They reduced their two existing holdings and bought a new one, but they were more or less told it did not qualify. Is that something the Tax Appeals Commission...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: I will ask Mr. Gilvarry about another part of it. On this prospective legislation, which we talked about earlier, why is it in this Bill? It sounds strange that a Bill called the Tax Appeals (Amendment) Bill 2019 has a whole load of stuff in it that does not seem to have anything to do with tax appeals. Is just going into this Bill for convenience? Why is it not in a separate Bill?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: It is a flag of convenience.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Mr. Gilvarry is piggy-backing on all the good work of his colleague in terms of being able to use this legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: I can see that and it is for the benefit of all of us. I thank Mr. Gilvarry.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Thank you, Senator. I thank the witnesses for their very detailed and helpful engagement and for their opening statement. I wish them well with all of the work. It is hoped we will see the increase in staff helping to reduce the backlogs and giving satisfaction to people one way or the other. I do not doubt it is very stressful for anyone to put in a tax appeal. It may have great impact...

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: I welcome the Minister of State, Deputy Stanton, to the House. As amendment No. 1 is consequential on amendment No. 12, amendments Nos. 1 and 12 are related and may be discussed together by agreement.

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: We are dealing with amendments Nos. 1 and 12 at the moment.

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: Yes. Someone may make a brief comment when we have concluded Committee Stage, but this is not Second Stage either.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: I thank the witnesses for their opening statements. There are 11 members of the committee and five of us happen to be accountants. I will not be speaking on behalf of any particular body. Rather, I will ask questions relating to the opening statements. The concept of a true and fair view is fundamental to what accountants are trained to do. A set of accounts is supposed to reflect a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: I accept that loan valuations and debtor write-offs in any company where there is a list of debtors are subjective. There is a level of subjectivity regarding whether a particular party is able to pay. It is the same with inventory. One puts a value on an asset, and somebody else disagrees. Until it is sold, one does not realise the loss or gain or whatever it happens to be. In the case...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: Mr. Butler is saying that, by law, banks and the accounting profession were told not to recognise losses. What law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: Was it approved by the Houses of Parliament in the UK or by the Houses of the Oireachtas?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: When Mr. Butler said they are the laws, are they accounting rules or are they laws?