Advanced search
Show most relevant results first | Most recent results are first | Show use by person

Search only Joe CostelloSearch all speeches

Results 581-600 of 7,777 for speaker:Joe Costello

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I would like to ask a question about Revenue's accounts for 2014, the budgetary process and the gross receipts. I notice that in 2014, the estimate in the budget was €40.158 billion and the gross receipts were €47.147 billion. There was quite a divergence between the estimate and the actual receipts. What role does Revenue play in the estimates for the budget? What...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I refer to the net receipts.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Yes. I am talking about taxes and duties.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Why is that the case?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Okay.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: It is not a difference between the two, but in fact-----

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: The variation appears out of kilter in the sense that the value added tax amount in the budget Estimate was €10.7 billion while gross receipts amounted to €14.2 billion.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: It is not a miscalculation.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: That does not affect the planning process in that the Revenue Commissioners are aware of the position from the word "Go".

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I note in respect of overall debt that the debt available for collection was €907 million. While this figure was down from the previous period, it is still a considerable amount of debt. At the end of 2014, there were 8,908 taxpayers or businesses, covering €104 million in debt, in phased arrangements to pay for tax liabilities. What precisely is meant by the statement "debt...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Are they people who have defaulted in some fashion?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: All of that money is being or will be collected.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: The amount of debt available for collection is, therefore, a separate figure.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Have the Revenue Commissioners been reducing it each year?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Did the figure increase when the economy virtually collapsed some years ago? Is it declining?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I assume it is not a cumulative figure.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: It is declining all the time.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: On the issue of non-compliance, clearly this was a significant issue with regard to offshore accounts in 2013-14. The total yield from the Revenue Commissioners investigation into offshore accounts exceeded €1 billion in that year and the various yield from audits and compliance interventions was €610 million. These are large sums of money. In addition, 437 settlements were...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Does that figure refer to offshore accounts?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: A total of 7,636 audits yielded €338.8 million.

   Advanced search
Show most relevant results first | Most recent results are first | Show use by person

Search only Joe CostelloSearch all speeches