Category: revenue

Revenue collected 26% more corporation tax last year

Revenue collected 26% more corporation tax last year The amount of corporation tax collected by the state last year increased by 26% to €10.4 billion, according to the Revenue Commissioners’ annual report. The increase was driven by higher payments from manufacturing companies and increased payments from big multinational companies. The report also shows that the […]

Continue Reading

Revenue officials meeting hauliers in Brexit preparations

Revenue officials meeting hauliers in Brexit preparations Revenue officers have begun engaging with hauliers at ports in Dublin and Wexford as part of preparations for a no-deal Brexit. Concerns have been raised about the number of companies trading with the UK that have not yet registered for customs. Lynda Slattery, head of Revenue’s Brexit unit, […]

Continue Reading

New Revenue system to hit SMEs for unpaid tax

New Revenue system to hit SMEs for unpaid tax The Revenue Commissioners will chase more small companies for unpaid tax following the launch of a new high-tech debt management system. Revenue’s Debt Management Services (DMS), which was brought in last week, uses technology to deal with a wider range of taxpayers. This will include those […]

Continue Reading

Revenue sets sights on value of private shares

Revenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without […]

Continue Reading