Written answers

Tuesday, 18 October 2022

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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274. To ask the Minister for Finance if he will provide a comprehensive breakdown of the tax compliance measures, including PAYE compliance interventions and increased debt management activity, and the revenue associated with each. [51339/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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It is assumed that the Deputy is referring to the additional tax revenues anticipated to arise from enhanced Revenue compliance activities during 2023 as set out in ‘Budget 2023 – Tax Policy Changes’ which was published on Budget Day.

I am advised by Revenue that a number of specific risk areas will be targeted as part of Revenue’s activities next year that will include a continuing focus on tax compliance relating to share awards made by employers to directors/employees as well as an examination of non-pay benefits paid to directors/employees; undertaking additional outdoor initiatives to combat shadow economy activity and a return to normalised levels of debt management activity, following its effective suspension during the period of the Covid-19 pandemic.

The anticipated additional revenues for 2023 of €80 million are a conservative estimate based on the actual yield from Revenue’s audit and compliance activities in the ten-year period 2012 to 2021.

I am further advised that, as was the case for the compliance dividend provided for in Budgets 2012-2019, Revenue will conduct a detailed assessment of the programme and publish its outcome along with its 2023 Annual Report.

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