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Irish Tax Collection 'Exceptionally Strong', Revenue Reveals

by Jason Gorringe, Tax-News.com, London

13 June 2005

Bumper revenue collection and employment figures were last week welcomed by the Irish government.

The Revenue Commission’s annual report for 2004 was published on Thursday, having earlier been presented to the Minister for Finance, Brian Cowen.

According to the Revenue report, the most significant developments in 2004 were that:

  • Special investigations yielded a total of €697 million in 2004, of which €585 m came from offshore related investigations;
  • Take up of the Revenue On-Line service (ROS) increased substantially (54% of Income Tax self-assessment returns filed on-line compared with 40% for 2003); and
  • Tax collection performance was exceptionally strong, with net receipts coming in at €35.7 billion (€2.2 billion ahead of the Budget estimate and €3.5 billion ahead of the 2003 outturn).

Speaking following publication of the 2004 results, chairman of the Revenue Commissioners, Frank Daly announced that:

“Revenue’s work is vital to the running of this country and the well being of its citizens. We collect the money that funds 94% of Government expenditure, we contribute to keeping society protected from drugs and we do our bit to help business and economic development".

“If there is one overriding objective for us, it is to foster voluntary compliance with tax and customs obligations. This objective is central to everything we do. Our approach is very clear. We aim to make voluntary compliance the easy and attractive option and to make sure that non-compliance doesn’t pay.”

The full text of the Revenue Commission's 2004 Annual Report can be found in the Tax News Resources section.

 

 






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