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

Ms Josephine Feehily:

They are all services. Those are the five companies, as I indicated in my earlier remarks, where we have sampled the transactions. We are satisfied, on a representative sample of the transactions, that there is no VAT at risk because they were selling to businesses. That is the level of proof required for services. That €200 million is not real and it cannot be connected with the Waterford money.