Revenue in the PAC

Revenue came before the Public Accounts Committee to discuss a number of issues. Foremost in the Committee’s review of their accounts was the administration and collection of the Local Property Tax. Revenue has published a detailed analysis of the collection of this tax – you can read this analysis here.

As well as discussing this, I also took the opportunity to question Revenue on the distribution of the tax burden, assessing correct distribution models, VAT, CGT and Revenue’s relationship with the Department of Finance.

Further to this, I also received endorsement from the C&AG and the Chairman of the Revenue Commission for the publication by the government of an official tax transparency calculator (you might recall that I previously published my own tax transparency calculator on this website last October – check it out here).

You can watch my questioning of Revenue here.

PAC visit to NAMA

Prior to our discussion with Revenue, I raised the matter of the PAC sub-committee on NAMA in relation to the 2013 NAMA Board internal review. We learned that the C&AG has completed his first triennial report under the establishing legislation and this draft is currently undergoing review. The sub-committee is to meet in the next fortnight, but prior to that we will be visiting NAMA’s offices for an on-site meeting.

Watch the exchange here:

Part 1

Part 2