Oireachtas Joint and Select Committees

Thursday, 9 May 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade

11:00 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I return to the Comptroller and Auditor General's opening figure of €1.3 billion which ended up with €200 million. If one extrapolates the €2.5 billion, in terms of the turnover of those companies, across what he referred to, what would Revenue come up with? There is no point just examining the Waterford office and declaring that a detailed audit of 70 cases yielded an average of €40,000 each. I refer to paragraph No. 11.5, entitled Case Study - Waterford Revenue District VAT on Intra-Community Acquisitions. Early on I felt Revenue had more information than we received, but I did not think it took the matter seriously enough. Revenue conducted a case study in Waterford and came up with a figure of €2.5 million, and in the cases it drilled into, there was an average of €40,000. Can Ms Feehily extrapolate on that figure? Perhaps the Comptroller and Auditor General will comment.

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