Oireachtas Joint and Select Committees

Thursday, 20 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 23 - Revenue Collection
Chapter 24 - Management of Revenue Debt
Chapter 25 - Taxpayer Compliance
Chapter 26 - Corporation Tax Losses
Chapter 27 - Tax Audit Settlements

11:20 am

Ms Josephine Feehily:

I understand that, but I acknowledge the fact that in the vast majority of cases the figures were correct. As I said, Mr. Rigney will deal with individual cases, but the general position is that in the three cases interest arose at a later point. There are documentation issues and interest arose at collection stage. The other issue that can arise in these cases - it did arise in one of them - concerns a judgment mortgage which carries its own interest payment. I am not saying these cases were dealt with properly; the Comptroller and Auditor General is correct in identifying the three cases, but they were not entirely without exposure to interest at a later point in the process. They were not visible to us until I had them reviewed. There was an exposure to interest at a later point in the process. It was not done according to the book, but it was not the case that they was no interest. Should the Deputy wish, we can discuss them in more detail.