Results 1-20 of 1,022,230 for in 'Dáil debates' OR (speaker:Louise O'Reilly OR speaker:Maurice Quinlivan) in 'Committee meetings'
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Maurice Quinlivan: We are now in public session. Any member who is joining us remotely must do so from within the Leinster House complex. Today we will have a discussion on the small companies administrative rescue process, SCARP. The Companies (Rescue Process for Small and Micro Companies) Act 2021, which was commenced on 8 December 2021, provides for a new, dedicated rescue process for small and micro...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Maurice Quinlivan: Thank you, Mr. Purtill. I invite members to discuss the issues with the representatives before us. We have a rota in place and the first person indicated to speak is Deputy O'Reilly.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I thank the witnesses for coming in and sharing the information with us. It is an issue we have discussed. Even when we are not directly discussing it, it comes up a lot, so the presentation has been useful. I have a couple of questions and if follow-up is needed, we can engage again afterwards. The first relates to the number of businesses that are failing. Deloitte insolvency and...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I should point out that I did not use the term "tsunami".
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I understand other people have used it but it is not one that I would use.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: That brings me to my next question. It relates to the debt warehousing scheme which, as we know, ended last Wednesday. Some 55,000 companies still owe Revenue a total of €1.65 billion under this scheme. How many companies have not engaged with Revenue in this regard? We know that some are engaging. It is not necessarily that people have their heads in the sand. They may be trying...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I specifically want to know the number who have not, to get a view of what is out there as regards people who have not.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: Is it a large number?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: Will they then necessarily be excluded from the SCARP process?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: They will not be excluded. They will be included.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Maurice Quinlivan: What if they do not engage after the letter Revenue sent out today?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I suppose they have to engage to be part of it.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: They will still have a chance. That is what I wanted to get to. On those with whom Revenues is engaging, that number is small but likely to increase off the back of the letters that will go out today.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: My figures state that there was €75 million in warehoused tax liabilities lost due to insolvency last year. Do the witnesses have any idea what the likely figure for this year will be?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I understand that.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: On companies that have only recently engaged, do they have a caseworker appointed directly to them? Clearly, there is an issue if somebody has not engaged or they are only picking up the phone or sending an e-mail at this stage. What kind of supports are there for each individual business? How is that structured?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: Okay. Today, or in the coming days, 11,000 customers will receive letters. As a general rule of thumb, what is the rate of return from those letters when they go out? What kind of engagement would Revenue expect?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Maurice Quinlivan: We will circulate the information to members when we get it.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: I have two remaining questions. There is much chat in the media now and two very contrasting and contradictory views, some coming from business representatives and some coming from the trade unions. The trade unions have published a document attempting to bust the myths. There is much talk about the impact of Government policy. The changes are positive and I do not think anyone on either...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)
Louise O'Reilly: Is there any mechanism by which that can be accessed? I say this in the context of a debate - raging might be overstating it - that this is having a detrimental impact. Who should be collecting that information if the Department is not? It should be available.