Dáil Éireann Debate, Tuesday - 10 October 2017
63. Deputy Michael McGrath asked the Minister for Finance the estimated amount to be collected in 2017 from the compliance measures specified in the summary of budget measures 2017; and if he will make a statement on the matter. [42439/17]
Amharc ar fhreagraBudget 2017 specified three compliance measures: amendments in relation to Section 110 and fund changes (projected yield of €50 million); tackling offshore tax evasion (€30 million); and increased resources for Revenue to confront non-compliance (€50 million).
I am informed by Revenue that it is too early to accurately assess the impact of, or collection under, these headings for 2017. This will not be possible until after the end of the year. I am, however, advised that Revenue expects the target will be exceeded based on evidence to date. This includes €79 million collected from disclosures in relation to offshore assets.
Revenue will undertake detailed analysis of the Budget 2017 measures when data are available.
