Results 1-20 of 1,021,873 for in 'Dáil debates' OR (speaker:Mary Fitzpatrick OR speaker:David Stanton) in 'Committee meetings'

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I welcome the witnesses and thank them for their presentation and forwarding on their notes in advance of the meeting. Following on from the comments of Deputy O'Reilly, I note there have been 62 SCARP applications to date. Obviously, some small companies have availed of that, as stated in the notes. Revenue said it is still working on some of those cases. Have the 62 cases been finalised...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: A figure of €5.3 million was mentioned in respect of dividends, as against €21.5 million. Where have those figures come from?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: What is happening with the balance of the 62 cases?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: We found out that 663 corporate insolvencies were recorded in Ireland in 2023, according to a report from, I understand, Deloitte. I have a note that there have been 214 so far this year. Those numbers seem quite large compared with the number of companies entering SCARP. Is it Ms O'Dea's view that more companies should avail of SCARP, looking at the large number of insolvencies? Does Ms...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: Maybe as awareness grows more companies will avail of SCARP. Are there many people who inquire about SCARP and then do not go forward with it?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I thank Ms O'Dea. Will Mr. Purtill outline the policy of the Revenue Commissioners with respect to when it agrees to write down debt? Is there a clear set of guidelines companies can go to?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: There is no template or policy people can go to and get some guidance as to whether or not they would be-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I have a question about habitual liquidations and examinerships. Is that an issue we should be concerned about? Is it something the witnesses have come across frequently in their work? I mean people repeating or the frequency.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I thank the witnesses.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: The Deputy's time is up. We can get a final response if anyone wants to respond to those points.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: Who wants to take that?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: Do the witnesses want to come back to us on it?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: We have the Bill on co-operatives going through as well, which gives us an opportunity to discuss that issue. I agree that there is scope there. Does anyone else wish to come in with another question?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: Who would like to respond?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: We will get that information. I will now ask one or two more questions. Of the insolvencies that occurred last year – we heard earlier there were roughly 663 and I saw figures in other places suggesting there were more – how many are micro and small businesses that would fit into the SCARP regime? Could we get that information from the witnesses at some stage? I think 62...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I agree. I accept that, but I am more interested in the people who do not get involved in the scheme in the first place. They may look at it and say it is too complex or too uncertain and decide to go down the other route and shut up shop rather than get involved in SCARP. That is the question I have. What Revenue is doing is excellent, but beyond that, is there uncertainty or perhaps a...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: Am I correct in saying that the revenue in the UK is on an equal basis with other creditors whereas here, Revenue is a preferred creditor?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Small Companies Administrative Rescue Process: Discussion (8 May 2024)

David Stanton: I thank the witnesses for coming in, giving their time and engaging in such a constructive way on this very important issue.

Report of the Joint Committee on Enterprise, Trade and Employment: Motion (2 May 2024)

Dara Calleary: I covered all the main issues in my opening remarks. I thank the Deputies. Deputy Boyd Barrett's remarks are probably outside the scope of the report in terms of the enterprise opportunities. MARA has been established for offshore planning and has responsibilities there. To Deputy Stanton's point on skills, that is something we are focused on. Working with the Minister, Deputy...

Report of the Joint Committee on Enterprise, Trade and Employment: Motion (2 May 2024)

Question put and agreed to.