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

Ms Feehily should ensure it answers the question to her satisfaction, and what is put in the VIES returns should reconcile with the audited financial statements. The €200 million is a theoretical figure and I do not know the breakdown between the VAT rate on goods versus services. Nevertheless, it is a figure that demonstrates a risk. The annual report published last week mentioned management and identification of risk. The figure is theoretical but highlights a potential risk, and any business or organisation must examine a potential risk to see if it can turn into an issue. What has been done to ensure the risk does not become a greater issue, as it has been implied there is no great VAT loss?