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Revenue’s 2024 tax take up by one-fifth
Revenue’s preliminary results for last year show that it collected €107 billion in tax and duties for the State – up more than 20% from €87.2 billion a year earlier.
The tax authority also collected an additional €30.8 billion on behalf of other Government departments and agencies, as well as EU member states.
The figures are contained in the organisation’s headline results for 2024.
Karshan impact
Revenue chair Niall Cody said that the organisation would work with employers who wanted to regularise their position after considering the impact of a 2023 Supreme Court judgment on determining employment status for tax purposes.
The tax body set out its own guidelines on the impact of the Karshan case last year.
Its headline figures show that, during 2024, it completed almost 311,000 audits and compliance interventions that yielded €591 million and settled 256 tax-avoidance cases yielding €46 million.
Revenue also secured 20 criminal convictions for serious tax evasion and fraud.
Real-time reporting
Ruth Kennedy (Revenue commissioner) said that improvements in real-time reporting because of the modernisation of the PAYE system had resulted in tighter controls being implemented by employers in relation to payments, expenses, and benefits.
She added that the introduction of real-time payroll reporting had also led to an increase in the number of PAYE taxpayers managing their own tax affairs.
Debt Warehouse Scheme
Revenue said that €3 billion of the €3.2 billion included in the Debt Warehouse Scheme (DWS) at its 2023 peak had now been either settled or secured under a phased-payment arrangement (PPA).
It added that just over 7,000 businesses that had availed of the DWS, but had failed to engage meaningfully with Revenue to address their debt ahead of the key deadline of 1 May 2024, were subsequently removed from the warehouse.
The tax body is dealing with unpaid taxes of €1.8 billion that are now outside the scheme.
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