Latest news with #Marie-ClaireManey
Irish Independent
01-05-2025
- Business
- Irish Independent
Over 700 outstanding tax appeals totalling €750m are yet to be decided on by Revenue
Tax officials say complexity of legal issues shows the impact of EU rules and treaties The Tax Appeals Commission had more than 700 open appeals on its books at the end of last year, with a value of €750m in dispute. The commission's annual report reveals that in the first two weeks of January alone, it received 15 appeals with a total disputed value of €417m. The commission is the statutory body that hears and adjudicates on tax disputes. Appeals can be sought by both individuals and companies. Last year, the body closed 1,711 appeals with a disputed value of €355m. It noted that for the sixth year in a row, it closed more appeals than were received, reducing the number to 711 by the end of 2024 from 1,141 a year earlier. The number of open appeals at the end of 2024 was the lowest number since the body was established in 2016. Marie-Claire Maney, the commission chairperson, said the increasing complexity of the legal issues in appeals was a continuing trend in 2024, 'with the impact of European treaties and directives to the fore'. Appeals are typically launched against decisions by the Revenue Commissioners. The disputed amounts can range from less than €100 to more than €1bn. The names of the parties taking the appeals are not published. Revenue saw 'unprecedented' levels of activity through its online services during 2024 High-profile cases during 2024 included a transfer pricing case involving a US software development firm. The commission redacted the disputed amount of tax involved. It rejected transfer-pricing adjustments that had been sought by Revenue related to the supply of services by an Irish subsidiary to its American parent. It specifically concerned share-based awards granted by the parent firm to the Irish subsidiary. Meanwhile, Revenue has confirmed in its newly published annual report that total gross tax receipts for 2024 reached €152.9bn. That included €30.9bn of non-Exchequer receipts collected on behalf of other government departments and agencies, and other EU states. Net tax receipts for the year were €107.1bn. It noted that one of its key priorities in 2024 was helping businesses to exit the Covid debt warehousing scheme in a 'viable manner'. The scheme was established to help companies get through the pandemic by being able to park their tax debts. Revenue said that more than 93pc, or €3bn, of the debt included in the scheme at its peak in January 2022 has now either been settled in full or secured under phased payment arrangements. ADVERTISEMENT 'Just over 7,000 businesses that availed of the scheme failed to engage with us to formulate a plan to pay their warehoused debt,' Revenue said. 'The debt owed by these businesses, which amounted to just over €100m at that time, was subsequently removed from the warehouse,' it added. 'Normal collection and enforcement proceedings applied to this debt thereafter.' Revenue saw 'unprecedented' levels of activity through its online services during 2024. There were 25.4 million logins to its MyAccount service. It also processed 60.5 million customer declarations and received €136.4bn in electronic payments. In 2024, Revenue undertook more than 272,000 audit and compliance interventions, which yielded €591m for the Exchequer, and conducted another 46,000 appraisals. It also closed 256 tax avoidance cases, yielding a further €46m.
Irish Times
30-04-2025
- Business
- Irish Times
Tax Appeals Commission receives appeals worth €417m in first two weeks of year
The Tax Appeals Commission (TAC) has received 15 tax appeals with an estimated value of €417 million in the first two weeks of 2025 – more than double the entire estimated value of €207 million in appeals received in 2024. Figures published in the 2024 TAC annual report show that the estimated €417 million in appeals is also €34 million more than the entire €383 million quantum in appeals that the TAC had on it books at the end of 2024. This includes appeals carried over from previous years. The surge in appeals during the first two weeks of the year has resulted in the commission revising its 2025 targets estimating now that there will be a €750 million quantum in appeals on hand at the end of this year. The figures show that the largest proportion of new appeals last year concerned disputed corporation tax with an estimated value of €94 million. READ MORE The €383 million quantum in appeals on hand at the end of 2024 is down sharply from the €1.7 billion on hand at the end of 2021. The figures show that last year, the TAC closed out appeals valued at €355 million. In a breakdown of the €355 million figure, cases valued at €193 million were settled; €122 million in appeals were withdrawn by appellants; the TAC issued 180 determinations with a value of €34 million while the remaining appeals with a value of €6 million were refused, dismissed or merged with other appeals. Appeals with a value of €193 million concerned corporation tax. During 2024, 280 hearings affecting 507 appeals with a total value of €390 million were scheduled over 456 days. The duration of the hearings ranged from a half day to three weeks. In her report, chairperson, Marie-Claire Maney said that 'for the sixth year running the commission closed more appeals than it received, reducing the number of appeals on hand from 1,141 to 711, notably a 38 per cent decrease'. She said: 'This marks the lowest number of appeals on hand since the establishment of the commission. The appeals determined and closed have released back to the exchequer or the economy €355 million in 2024.' 'The increasing complexity of the legal issues in appeals is a continued trend in 2024, with the impact of European Treaties and Directives to the fore,' she added. During 2024 the TAC signed 11 cases to be appealed to the High Court. Of those eight were requested by appellants and three by the Revenue Commissioners
BreakingNews.ie
30-04-2025
- Business
- BreakingNews.ie
Tax Appeals Commission received €417m quantum in appeals for two weeks of 2025
The Tax Appeals Commission (TAC) has received 15 tax appeals with a combined estimated quantum of €417 million in the first two weeks of 2025 - more than double the entire estimated quantum of €207 million in appeals received for 2024. Figures published in the 2024 TAC annual report show that the estimated €417 million in appeals is also €34 million more than the entire €383m quantum in appeals on hand at the end of 2024 at the TAC. Advertisement The surge in appeals during the first two weeks of the year has resulted in the Commission revising its 2025 targets, estimating now that there will be a €750 million quantum in appeals on hand at the end of this year. The figures show that the largest proportion of new appeals last year concerned disputed corporation tax at an estimated €94 million. The €383 million quantum in appeals on hand at the end of 2024 is down sharply from the €1.7 billion on hand at the end of 2021. The figures show that last year, the TAC closed out appeals valued at €355 million. Advertisement In a breakdown of the €355 million in appeals closed out, the figures show that €193 million of the cases were settled while €122 million in appeals were withdrawn by appellants. During 2024, the TAC issued 180 determinations concerning a quantum of €34 million. Of the €355 million closed out appeals, €193 million of the appeals concerned corporation tax. During 2024, 280 hearings affecting 507 appeals with a total quantum of €390m were scheduled over 456 days. The duration of the hearings ranged from a half day to three weeks. Advertisement In her report, chairperson, Marie-Claire Maney said that 'for the sixth year running the Commission closed more appeals than it received, reducing the number of appeals on hand from 1,141 to 711, notably a 38 per cent decrease'. She said: 'This marks the lowest number of appeals on hand since the establishment of the Commission. The appeals determined and closed have released back to the Exchequer or the economy €355 million in 2024.' Ireland Ireland will 'weather this storm', says Enda Kenny... Read More She added: 'The increasing complexity of the legal issues in appeals is a continued trend in 2024, with the impact of European Treaties and Directives to the fore.' During 2024 the Appeal Commissioners signed 11 cases stated to enable determinations to be appealed to the High Court. Of the 11 cases stated issued, eight were requested by appellants and three by the Revenue Commissioners. The report states that despite a request for a case stated, not all cases stated proceed to a hearing before the High Court due to settlement between the parties before or after filing of the case stated or a change in the decision of the party requesting the case stated to proceed to the High Court.
