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

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10:00 am

Mr. Niall Cody:

We repay in excess of €2.5 billion in VAT. That is the way VAT works. I will give a simple example. Exports are zero-rated for VAT. If one is an exporter, one is entitled to claim VAT back on all of the inputs on which one suffers VAT.

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