Derek Nolan (Galway West, Labour)
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That brings us nicely to KC which is 27.59 where there was a taxpayer inquiry audit. The Revenue found that the taxpayer owed €7.3 million in VAT, which was paid. About half of the payment was a year late while the remainder was between two and ten months late and, notwithstanding this, Revenue did not apply interest. The examination calculated that interest for late payments in this case was of the order of €570,000. The matter is of concern because, despite the requirement to do so, interest was not charged.