Seán Fleming (Laois, Fianna Fail) | Oireachtas source

The final item of correspondence is No. 1345C from Mr Pat Leahy in the Department of Finance. He has provided an update to the committee on the Apple escrow account. He has said that €1.5 billion has been received recently and the Department expects €13 billion. It is a very short report. We asked for an update on the Apple escrow account. The Department of Finance has confirmed that the total amount of the contested state aid involved is €13.1 billion, plus interest. The Department has said that €1.5 billion, including EU interest, has been paid into the account and it has confirmed that the timescale for when it expects to receive the balance of the amount is the end of September 2018. The correspondence is very short, concise and to the point. Will we note and publish? Agreed. The money has been lodged into an escrow account so we cannot get our hands on it yet. There will be a big queue for that money whenever the matter is resolved.