Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
10:00 am
Mr. Niall Cody:
The big difference between the gross and the net is repayments. It is not a question of the difference between the estimate and the actuality. The biggest tax where there are significant repayments is VAT. I think gross receipts for VAT were approximately €14 billion and net receipts were approximately €11.7 billion. The VAT system works-----