Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Ms Francesca McDonagh:
We are required, in our annual accounts, to give an estimate based on profitability trends for the time when the deferred tax allowance will be completed or used up. That is 2030 in our accounts. That does not mean we would not pay any Irish corporation tax between now and 2030. Indeed, we have been paying corporation tax for a number of years, including the €21 million in 2018.
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