Amendments to Publication of Tax Defaulters (Section 55)
- Tax defaulters who have not paid a settlement amount due to Revenue will now have this fact noted in the published defaulters list.
- Where a taxpayer enters into a settlement with Revenue in relation to outstanding taxes, interest and penalties, part of the settlement may relate to a qualifying disclosure. As this disclosure may allow the taxpayer to benefit from reduced penalties, only the amount of the settlement that does not relate to a qualifying disclosure will be published in the tax defaulters list. This applies to settlements made from 1 January 2017.
- Lastly, the Minister can, at his discretion, increase the monetary limit for the publication of tax defaulters and is no longer required to do so every five years.
- Some additional technical amendments were introduced at Committee Stage.