Results 12,561-12,580 of 34,632 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: I call on Mr. Cody to make his opening statement.

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 do yields of 30% and 70% mean?

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: That yield could have been big or small, could it?

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: There was a yield in 70% of the targeted audits.

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 20%?

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: That is fine.

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 will bring a copy home with me tonight.

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 have a couple of questions on one or two points from Mr. Cody's opening statement. There were 40,000 warrants sent to the sheriff and 3,000 cases were referred to court for recovery action. Will Mr. Cody explain who goes where? Who goes to the sheriff and who goes to court warrant? Will he talk me through the two processes? How does the sheriff send a letter or land at somebody's door?...

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: Will Mr. Cody explain third-party information? Does that mean information is being gathered about every company from everyone else?

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: Does attachment come into it then?

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: How many attachments were there?

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: There were more of them than there were court recoveries. There were 3,700 of those.

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 not PAYE people.

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: That is fine. Following on from this morning's conversation with the Tax Appeals Commission, will Mr. Cody update us on that and the figure that the Office of the Comptroller and Auditor General gave us? I understand the gross amount in dispute to be at €1.8 billion now, and there is also the net amount. Will Mr. Cody give us the figures?

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.