Oireachtas Joint and Select Committees
Thursday, 15 November 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
9:00 am
Mr. Niall Cody:
We talked about corporation tax and losses a number of times and we talked about it in the context of the current chapter. Essentially, the challenge is that an unused capital allowance contributes to the calculation of the loss. Two computations are not made. The figure ends up as a total figure when it is carried forward..
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