Revenue collects almost €128bn in 2023
Published date | 25 April 2024 |
Author | Ciara O'Brien |
Publication title | Irish Times: Web Edition Articles (Dublin, Ireland) |
A May deadline to take action on debt warehoused during the Covid-19 pandemic is looming, with almost €1.6 billion warehoused by more than 53,000 customers as of April 23rd. Some 70 per cent of those customers owe less than €5,000, with the bulk – €1.35 billion – belonging to around 4,800 customers.
Non-warehoused debt available for collection at the end of 2023 rose to €1.4 billion.
More than 291,000 compliance interventions with a yield of €787 million and 85 tax avoidance cases with a yield of €16.5 million were completed during the year.
The Revenue systems have been modernised in recent years, and a growing number of taxpayers are managing their own affairs through the online MyAccount service, with 1.4 million 2022 PAYE IT Returns managed during the year.
Revenue said it would continue working to modernise taxes and duties this year, working with other Government departments, the Organisation for Economic Co-operation and Development (OECD), European Commission and other international bodies
. It is planning further phases of the VAT consultation, support the development of the European Commission's proposals on VAT in the digital age, and will also look at the Pillar Two Global Anti-Base Erosion rules.
Another area of focus will be the engagement with those...
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