Dáil Éireann Debate, Tuesday - 18 October 2022
274. Deputy Pearse Doherty asked 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]
Amharc ar fhreagraIt 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.
