The Revenue Commissioners, today (16/04/14) announced the publication of Revenue’s Annual Report for 2013.

The headline results for 2013 were:

• Tax collected was €37.87 billion, up 3.3 % on 2012
• The total outstanding debt at €1.8 billion fell by 8.3% and debt available for collection fell by 14.52% to just over €1 billion.
• Timely compliance for filing and payment ranged from 98% to 83%.
• The Local Property Tax 2013 compliance rate stands at 94% and 76% of returns were filed online. For 2014 the compliance rate stands at 90% and €319million has been collected.
• Total yield from Revenue’s audit and compliance programme was €548.3 million, an increase of 11.4% over 2012 – 8,000 audits yielded €312 million, over 45,000 PAYE compliance checks yielded €30 million and other interventions and assurance checks yielded over €200 million.
  In the context of Revenue’s specific focus on cash, some examples of Revenue’s results include:
  1. Construction – 1,078 audits yielding almost €36m
  2. Retailers – 696 audits yielding €28.2m
  3. Landlords/Rental properties – 629 audits yielding €25m
  4. Bars and restaurants – 492 audits yielding over €20m
• In relation to fuel fraud Revenue closed down 30 filling stations, bringing the total number of fuel station closures since 2011 to 119. In 2013 Revenue detected and dismantled 9 fuel laundering plants.The impact of Revenue’s actions is reflected in a 5% increase in auto-diesel sales at pumps according to information provided to Revenue by industry representatives. Ms Feehily said that “in partnership with Her Majesty’s Revenue and Customs (HMRC), we have identified a new mineral oil marker. We are planning to roll this out in consultation with the industry with effect from January 2015.”

Full press release can be read http://www.revenue.ie/en/press/2014/pr-160414-annual-report.html