Oireachtas Joint and Select Committees

Thursday, 9 May 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: VAT on Intra-Community Trade

11:10 am

Mr. Seamus McCarthy:

No, I will explain it now. It took us a long time to get an understanding of this. Effectively, this is summarising the whole system. One can look at it in two ways. If the Deputy looks on the left-hand side of the diagram, Ireland is Revenue authority in country A from an export point of view. However, one can also look at it from an import point of view-----