Results 241-260 of 3,657 for speaker:Cormac Devlin

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: Could they last longer than three-to-four years? We need them.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: Fundamentally, Mr. Foley is saying there is a problem competitively for Ireland if we do not resolve this and there is an energy security problem in tandem with that.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: Exactly. That is fine. I will focus in on Dublin because Mr. Mahon mentioned powering up Dublin in his opening remarks. Mr. Mahon mentioned the Blackrock to Poolbeg connection. I thought Carrickmines was included that. Is that in the next phase or is that in the planning process? What stage is Carrickmines at?

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: That makes sense, okay.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: Will the majority of disruption be from Carrickmines through to Blackrock and then out across the bay?

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: Mr. Mahon might send the committee a note on that element of it. I must commend EirGrid on the extensive engagement that was done. A lot of money was put behind that campaign and it was really well done. Obviously, there are still people who were not aware of it, but that is a different day's work. I will ask Dr. Ryan about his comments about the offshore. The Cathaoirleach mentioned...

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Cormac Devlin: I thank Mr. Mahon.

United Kingdom Import Controls: Statements (25 Jan 2024)

Cormac Devlin: I welcome the opportunity to examine the forthcoming UK import controls. As the Minister outlined, from next Wednesday, 31 January, new requirements will be in place for agrifood businesses exporting to Great Britain. Unfortunately, these changes are a further outcome and certainly a reminder of Brexit. Over one third of Irish exports go to the UK and the UK remains the largest single...

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: I welcome Mr. Cody and his team. It is good to engage with them again. I thank them for the information they provided in advance of the meeting. Mr. Cody referred to the net revenue collected by the Exchequer, which amounted to €67.5 billion in 2021 and rose to €87.2 billion last year, an almost €20 billion increase, which underlines the strength of the economy. I...

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: Would it be fair to say that around March or April, Revenue will have a clearer picture, with probably a higher rate of compliance around that point, and that the lag will relate to stragglers throughout the year?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: Revenue estimates, as Mr. Cody said, that the 80% we are at now is a regular occurrence year on year.

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: We are not in the territory, therefore, of a dangerous lack of compliance.

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: I might just change the focus. Mr. Cody said €51 million has been collected from arrears or those who have not filed. Does that include those who have deferred payment?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: I apologise for interrupting, but approximately how many property owners are in that €51 million?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: For that cohort, is a payment arrangement added annually to their existing liability or what is the proposal to deal with that €51 million? Is it a payment arrangement on an annual basis added onto the existing liability year-on-year? How is it proposed to deal with that €51 million?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: For the cohort that has deferred, for various reasons, how many have deferred since the introduction of the LPT since 2013? Has the figure increased year-on-year?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: A lot of them are probably the same properties over a given number of years.

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: Mr. Cody might come back to me on the figures for the number of people who have deferred year-on-year. On how many properties is the LPT being collected, such as for properties that have been inherited or following the sale of a property?

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: I am honing in on this because it is something we raised with the Revenue Commissioners when it came before us last year. It is a figure I am interested in obtaining. The Revenue Commissioners sent on a note afterwards. I want to see if there is a stable volume year-on-year.

Public Accounts Committee: Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses (25 Jan 2024)

Cormac Devlin: Okay. I thank Mr. Cody for that. I want to turn to debt warehousing. Mr. Cody said 57,811 customers with €1.75 billion owed money under the debt warehousing scheme. Two thirds of those customers have a low balance of under €1,000 but there are far more significant cases with almost 3,120 customers owing over €100,000. I note there was a significant reduction in debt...