Oireachtas Joint and Select Committees

Thursday, 29 June 2023

Public Accounts Committee

Financial Statements 2021: Irish Horseracing Regulatory Board

9:30 am

Mr. Darragh O'Loughlin:

It was in the form of a contribution from the Turf Club to the retiring CEO's retirement. The Deputy raised a question about the taxation of the additional contribution which was not made up of State funds. We had a review carried out by independent auditors earlier this year so that I could be satisfied that both aspects of the entire payment had been properly taxed. I have been advised that because it was all processed through the normal payroll processes, it was taxed appropriately.

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