I am advised by the Revenue Commissioners that Revenue's Construction Industry Project commenced in December 2005 and is progressing satisfactorily.
A National Relevant Contract Tax (RCT) Monitoring Group has been established, comprising of one full-time officer in each of the four Revenue Regions and supported by the audit, compliance and customer service officers involved in construction in each Revenue District.
The number of officers engaged on operational audit and compliance duties for construction is currently 303. In addition to this there are significant numbers of other staff (estimated at over 100) engaged in routine duties relating to C2 applications, dealing with repayment claims, payment card applications and pursuit of non-filers etc.
As at 31 March 2006, 708 audits had been completed with a yield of €24.7m including interest and penalties. (There is no breakdown available for companies only). A further €2m was collected for arrears of tax in these cases.