The Irish Tax and Customs Administration Revenue Commissioners has recently published its Annual Report 2014.
Speaking at the launch, Mr. Cody said:
"In 2014, Revenue collected €41.4 billion, up 9.3% on 2013 and the fourth successive year-on -year increase in returns to the Exchequer. All of the main taxheads recorded growth with Income Tax up 8.8%, Corporation Tax and VAT up 8.1% and Stamp Duty up 26%."
High levels of timely payment and returns compliance rates were maintained in 2014 and ranged from 99% to 84% depending on case size.
Mr Cody highlighted the results from Revenue's compliance programme in 2014 which included over 437,000 compliance interventions yielding over €610 million - an increase of 11% over 2013.
Specific business sectors are and will continue to be a feature of Revenue's compliance approach. Revenue's National Contractors Project has yielded €19m since it started and the Medical Consultants Project, which has yielded nearly €16m from 279 interventions, has been extended nationally.
Other significant results for 2014 include:
The total cumulative yield from the investigation into offshore assets exceeded €1 billion during the year.
483 tax avoidance cases, of which 6 involved the general anti-avoidance rule were settled resulting in a yield of €13 million, (including interest and penalties) and the future restriction of losses of €1.6 million.
6,158 drug seizures and 201,140 litres of illicit fuel were seized. 53.4 million cigarettes and 9,824 kg of tobacco, valued at €25.47 million and €4.22 million respectively were also seized.
In excess of €4 million in VAT saved using our Real Time Risk assessment technology.
27 criminal convictions obtained for serious tax and duty evasion.
Debt available for collection was €907 million, down €102 million (10%) on 2013. Debt available for collection as a percentage of gross receipts was 1.62%, down from 1.95% in 2013.
At the end of 2014 there were 8,908 taxpayers or businesses, covering €104 million in debt, in phased arrangements to pay their tax liabilities.
989,611 customers now registered for our PAYE anytime service, up 13%.
2.33 million items of correspondence processed and 2.3 million 1890 phone calls answered.