Oireachtas Joint and Select Committees

Friday, 20 December 2013

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012

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1:30 pm

Mr. Brendan McDonagh:

Effectively, the agreement is that if the rental income is mandated to NAMA and there is VAT or other tax due on it, then we allow the debtor to retain certain proceeds out of that to pay to the Revenue Commissioners.

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