Mr. Brendan McDonagh:

Yes, as a State body we had tax advisers. We told the Revenue what we were doing. We have annual meetings with the Revenue to show we are in compliance. Under the code of practice, State bodies are obliged to be tax compliant, but also we were a big entity so we used to have regular meetings with Revenue staff to tell them what we were doing. We never engaged in any aggressive tax measures or anything like that, which maybe other people did in the market. We were very conscious of making sure that as a State body we were fully tax compliant.