Seanad debates

Friday, 19 December 2008

Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages

 

5:00 pm

Photo of Paddy BurkePaddy Burke (Fine Gael)

This section gives extra powers to the Revenue Commissioners and provides for an increase in fines. At a time when the economy is in difficulty, it is unbelievable to give extra powers to the Revenue Commissioners and raise penalties for hard pressed business people. This is in addition to tax payment dates for companies being brought forward from October to March. They will have to pay two years tax within one year. Next year will be difficult but we are giving the Revenue Commissioners more powers to raise penalties on hard pressed people in future years. We should take a more lenient approach.

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