Ms Mairéad Dolan:

We work in close co-operation with Revenue and we do an annual retrospective review of the prior year. Currently the tax team is looking at the 2018 review. Mr. Mulvany referred to €2.5 million or the €2.6 million figure. This is based on a look-back for all of our areas on the major heads of tax to see whether or not we had collected tax at the right time and in a timely way. Under some of the main tax headings of PAYE, corporation tax, professional services withholding tax and VAT we would look at areas where somebody, for example, might have been paid as a supplier.

Under Revenue regulations, they potentially should have paid tax. We do an analysis that we have agreed with Revenue. We would say that we are 99.8% compliant from a tax perspective. We pay approximately €1.6 billion in taxes. While €2.5 million is a small amount in that respect, we strive to get that down every year.