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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: A third country outside the EU would be fine.

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 that be made by the importer or an agent on behalf of the importer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: From where?

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 within the current EU Single Market customs system.

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 accept that, but it is within the computer system.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: Where would that check take place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: Under what Revenue is proposing in a Brexit scenario, where would the check take place?

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 risk based.

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 say goods are coming in from a third country outside the EU. How does VAT kick in at the point of entry? For instance, in the EU a zero rate of VAT applies because the goods go back into the system. When the law was introduced in 1993, I was in practice and it changed the position overnight. The VAT information exchange system statements were used although I do not know if they are...

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 say the goods are selling in Ireland at a VAT rate of 23%, when will the VAT be physically paid?

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 taken from the account by direct debit.

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 has an impact on cashflow.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: Can businesses file VAT returns on a monthly basis to claim refunds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: Depending on the time it is brought in, therefore, it could have a significant impact on an importer bringing in goods as part of a manufacture process or goods to be sold 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: Will Mr. Harrahill comment further on how advanced Revenue is because this is a significant measure? The Revenue Commissioners are taking the third party process that currently applies to imports from countries outside the EU and seeking to bring in a more refined model that avoids any form of hard border. Is that a reasonable analysis?

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 east-west.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: What is the progress on the process of post-clearance checks on a trader's premises, for example? How advanced is the office in putting in place the new process for the UK being seen as a third party?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: Did the Revenue Commissioners get an opportunity to see what the implications would be for the Republic of Ireland of a hard Brexit, a no-deal Brexit or a soft Brexit? What would be the implications for Ireland Inc. in terms of tax revenues or the overall perspective?

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 Revenue Commissioners has done no in-house analysis on this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit Preparedness and Related Matters: Revenue Commissioners (24 Jan 2019)

Kieran O'Donnell: No, that is too long.

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