Mr. Niall Cody:

The original big spike of 26% occurred in 2015. In November 2015 I wrote to the Minister to highlight our analysis of the situation at that stage. We followed that up with the first of our reviews of corporation tax receipts for 2015, which we published in April 2016. We have continued to publish such reports. That is this report Deputy Cullinane and I discussed, which tries to analyse the figures. The challenge is that the corporation tax returns for 2018 are filed in 2019. The payments we receive in 2018 mostly relate to preliminary tax, and until we get the returns we cannot do the detailed analysis. This report profiles CT payments in 2018. The main feature of CT payments in 2018 was that CT receipts from large corporates increased by €1.9 billion.