Oireachtas Joint and Select Committees

Thursday, 30 November 2017

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts

9:00 am

Mr. Niall Cody:

Revenue's role in relation to the particular challenge of the amount is to finalise and agree the amount. The only place that the €13 billion appeared was in the press release. The Commission never calculated or finalised an actual figure. Our role is that we have to agree with the company, based on the DG Competition's approach, what the amount should be. That process - we were talking about it last night as well - is substantially completed. It involves effectively agreeing the tax liability, taking the DG Comp's approach, for each of the years. There is an 11-year computation covering the two companies. In the context of complex tax audits, the actual timescale involved in finalising that is hugely challenging. We have that work substantially completed, but it is not yet finalised. That is our role in the context of it.

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