Revenue needs additional resources to ensure a sustainable tax system that can attract biggest global businesses via IrishTimesBiz
Revenue has already hugely invested in technology and digital transformation enabling digital audits and real time reporting, with some 6,000 out of its 7,000 workforce now working from home
Revenue’s estimate of its expenses for 2023 comes to €507 million, a 2 per cent increase on 2022 levels. This breaks down into €486 million of current expenditure and €21 million for capital expenditure . In the event that we move away from taxing labour and profits, towards taxing wealth and assets , this would require investment by Revenue to deliver. Re-mixing our tax base is a longer-term possibility, but there are also immediate asks of the Revenue, for example, administering the new Temporary Business Energy Support Scheme, phasing out the Covid schemes including the TWSS and EWSS and assisting the Department of Finance with consideration of a possible third rate of income tax.
This will require increased capital investment. In our experience, in order to get value from digital transformation, effective change management is also needed alongside upskilling people and digitising processes. All of this requires people and capital resources.
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