Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Verona Murphy (Wexford, Independent) | Oireachtas source
I just wish to come in with some questions for the officials from Revenue because I would not want them to feel left out. It is very simple. A misclassification error was identified in the 2020 annual report. I wish to raise this issue for the benefit of the committee. If I am correct, that error was of the value of €33 million. It was based on the levy income dealt with by the Revenue and then handed over to the Central Bank of Ireland. I ask the witnesses to explain how this occurred and what has happened to rectify it.
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