John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I would like a note on that sort of transaction to get an idea of how a person becomes liable for VAT and how it is paid.

Turning to the annual report, on an issue of interest in terms of tax, in England, the Public Accounts Committee carried out an exercise on multinationals and how they pay tax. We cannot do that as a committee but the question is often asked about the 12.5% corporation tax and the actual tax paid. Could we have an explanation of that?