Oireachtas Joint and Select Committees

Thursday, 20 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 23 - Revenue Collection
Chapter 24 - Management of Revenue Debt
Chapter 25 - Taxpayer Compliance
Chapter 26 - Corporation Tax Losses
Chapter 27 - Tax Audit Settlements

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10:50 am

Ms Josephine Feehily:

At the time we made it clear that we were not estimating a property but average values for property types in an area. We acknowledged straight out that at least half of those "must use" averages would not be right. That is what happens with averages.

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