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
10:40 am
Ms Josephine Feehily:
It was new to the VAT information exchange system, VIES, as we were with regard to VIES on services. The systems did not work correctly and the data were not missed until the issue became apparent. We gave it time to correct the matter but it has not met the deadline, which is of some concern to me. We have met representatives and tested the transactions. We are satisfied there is no VAT at risk. As it is a services company, it is not as simple as getting a VAT number, as the requirement for a services company is a VAT number or to satisfy us otherwise that the transaction was with another business in the community. We have tested that and are satisfied there is no VAT at risk. We have given a final deadline of 30 June to fill the gaps, and in the meantime the company is filing appropriately.
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