Oireachtas Joint and Select Committees

Thursday, 21 February 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance

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1:10 pm

Ms Josephine Feehily:

The 50% restriction only meant that they could only use the losses this year. It did not reduce the availability of losses. It simply pushed it out longer. The 50% restriction is a bit of a red herring in terms of the sums.

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