Revenue publishes headline results for 2018

Jan 07, 2019

Revenue has published preliminary results for 2018 which include data on tax collected, compliance rates, outcomes from compliance and enforcement interventions, number of customer contacts and resources deployed. The end of December 2018 exchequer records published last week show that tax receipts collected during the year amounted to over €55 billion which is an historic high with most of the tax being taken in from workers in the country.  The Institute’s Director of Tax and Public Policy Brian Keegan spoke about the exchequer returns on Newstalk’s  Breakfast Business on Friday.

Revenue noted that timely voluntary compliance remains strong and acknowledged the effort of taxpayers and practitioners.  572,785 compliance interventions were completed during 2018 which yielded €572.6 million.  In comparison, during 2017, Revenue undertook 646,633 compliance interventions and yielded €492 million. There were 17 criminal convictions for serious tax and duty offences with 256 settlements being published on the List of Tax Defaulters.   9,088 taxpayers entered into a phased payment arrangement with Revenue covering €93million in debt in 2018.  Revenue also commented on the transformation of the administration and collection of payroll taxes on the modernisation of the PAYE system.  Read the press release.