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
11:10 am
Ms Josephine Feehily:
They are all services. Those are the five companies, as I indicated in my earlier remarks, where we have sampled the transactions. We are satisfied, on a representative sample of the transactions, that there is no VAT at risk because they were selling to businesses. That is the level of proof required for services. That €200 million is not real and it cannot be connected with the Waterford money.
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