Oireachtas Joint and Select Committees

Wednesday, 7 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners.

2:00 pm

Mr. Charlie Phelan:

I do not think I can give a commitment to suspend interest and penalties because, as the committee members are aware, interest is a statutory provision. If there is a liability, interest is statutory. Under the code of practice of Revenue audits and interventions, penalties have a statutory basis. In some cases, there will be no penalty.

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