Mr. Niall Cody:

No, the VAT system contains an in-built repayment system. Income tax repayments arise because people pay preliminary tax and their tax ends up less. We repay a certain amount - in this case €5.7 billion - every year and there is a process around it. One of the concerns we have with repayments is that while most of them are perfectly legitimate, they are always susceptible to having somebody-----