Oireachtas Joint and Select Committees

Thursday, 18 September 2025

Public Accounts Committee

Business of Committee

2:00 am

Mr. Seamus McCarthy:

From memory, it was a misinterpretation of invoices that were presented from abroad. It probably was an unusual category of transactions and I think the university misinterpreted the application of VAT. It was a voluntary disclosure by the university but because of the delay in making the due payments, there was considerable interest involved. By making a voluntary disclosure, the university avoided penalties, so at least-----

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