Thursday, 28 November 2019
Finance Bill (Tax Appeals and Prospectus Regulation) Bill 2019: Second Stage
I thank all Senators who have engaged with the Bill. Senator Conway-Walsh is right that there will be a further opportunity on Committee Stage.
In the context of the appeals that were closed between 21 March 2016 and 29 October 2019, the total number was 3,750, involving a quantum of €1.3 billion. As of 29 October last, the amount of money still in dispute with the Tax Appeals Commission stood at €3.68 billion. By any stretch of the imagination, these are not small numbers. All the Senators who spoke are right in saying there are legitimate reasons that people want to make appeals. It needs to be done faster.
Senator O'Donnell asked about the chairperson. That person will be appointed as soon as we can get legislation through, and it has been through the other House. I am delighted Senator Conway-Walsh is supportive. We have often crossed swords on other issues but I am very happy she is supporting this.