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

10:30 am

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

What is the estimate? When reading this chapter yesterday I noted how at a macro level Revenue can tie up the exports in the trade figures declared in VAT returns versus CSO figures. I would take some comfort if there was a particular person in an office carrying out reasonable checks. I understand it will never be possible to do an exact reconciliation. Do the VIES returns come in every month or every two months? I note from the annual report published last week there were 67,983 VIES returns last year.

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