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Money Money Money
€80 million ... That's how much could be raised by hiring 100 extra tax staff
A fully trained auditor can bring in €800,000, according to Finance Minister Michael Noonan.
THE FINANCE MINISTER’S asked to weigh in on a range of hypothetical scenarios each week — as TDs send in written questions to be answered by his Department.
Tommy Broughan, the former Labour TD, raised an interesting query this week…
How much could be raised for the Exchequer, if the Revenue Commissioners hired an extra 100 staff?
According to Michael Noonan…
“[...] it is estimated that increasing these resources by an additional 100 would cost an estimated €5.2m per annum with an additional exchequer yield of €80m.
The additional yield was based on an estimate that each additional fully trained auditor has the capacity to bring in an average of €800,000 in audit yield.
However, he notes….
The investment in the training and development of a Revenue Auditor can take up to three years, depending on previous relevant experience. Therefore the full additional yield for the Exchequer would not be available immediately.
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