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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
I am sorry; I meant to say €1.1 billion. Mr. Cody stated that Revenue's assessment is that of the €1.1 billion expected surplus this year, between €700 million and €800 million of this increase may be due to once-off issues in 2018. This €350 million is due to the International Accounting Standards, IAS, rule 15 change, that we spoke about. That means there is another €415 million unexplained in Mr. Cody's letter. How did that other €415 million come about? Mr. Cody has gone some way to explaining the €350 million. What is the make up of the other €415 million?
No comments