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
11:40 am
Derek Nolan (Galway West, Labour)
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My understanding, I appreciate the clarification, was that the tax had become due in Revenue's view but that the contract had not concluded. That can happen. Tax can become liable before the conclusion of a transaction and that was the initial view of Revenue. Subsequently, it changed and accepted the taxpayer's point of view.