Oireachtas Joint and Select Committees

Wednesday, 19 January 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Covid-19 Payments and the Sale of AIB shares: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Given that the operation of the Revenue Commissioners is statutorily independent of the Minister for Finance, I do not believe it would be appropriate for me to be directing Revenue as to what type of reports or audits it should do.

If information becomes available via the Revenue Commissioners through its normal reporting procedures that is of help in seeking to understand this matter, that will be done. We have to remember that when we set up this scheme, the key threshold that we put in place was business turnover. We did not have an indication in relation to profitability or dividends because of the expectations that we had regarding what a difficult period it would be for employers.

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