Results 12,561-12,580 of 34,618 for speaker:Seán Fleming

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Right.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Meaning that it has gone to the courts?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: It is in the courts. That €1.6 billion is in the Tax Appeals Commission. What is the net amount involved?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: It is €1.1 billion or so. Does that figure come from people who have paid some tax? Will Mr. Cody explain why that is? I imagine everyone had assumed up to now that €1.6 billion of tax was locked into the Tax Appeals Commission, but it is essentially only €1 billion plus. It is still a massive amount of money, but will Mr. Cody explain why there is the difference...

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: At what interest rate?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: This morning we saw that it was 10% for the interest.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Is it 8%?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: What would the taxpayer have to pay?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Or corporation tax. They are high enough rates at the moment. I refer to 10%.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: It will be cheaper.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: I understand that.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Yes. It is 20% or something like that, I think.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: I ask Mr. Cody to explain the difference between the net and the gross.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: The interest.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Is that interest subject to tax?

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: It is a good return on one's money, then: owe Revenue money and one gets it back tax-free.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: I understand that.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: I know.

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: Obviously, the Tax Appeals Commission has no information on this, but we are asking Revenue, if it does not have information on, for example, the 5,000 cases in there, to see whether it can work on them. That is all I can say at this stage. Revenue has an idea of the amount of tax that was due, as far as it was concerned, and that arrived in the appeals office. Is that right? Then, when...

Public Accounts Committee: Chapter 21 - Tax Debt and Write Outs
Chapter 22 - Dormant Accounts Fund
Vote 9 - Office of the Revenue Commissioners
2016 and 2017 Revenue Accounts (28 Jun 2018)

Seán Fleming: A bit of both.