Oireachtas Joint and Select Committees

Thursday, 21 February 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance

1:00 pm

Ms Josephine Feehily:

I do not know the corporation tax yield. We do not have it for that narrow group, but we will get whatever we can and send it to the Deputy.

The position in relation to the losses is that very early on in the current difficulties it became very obvious to us that there was likely to be huge losses and that they would impact on corporation tax receipts. I approached the Department of Finance at the time to bring its attention to this.

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