Oireachtas Joint and Select Committees
Wednesday, 7 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners.
2:00 pm
Mr. Charlie Phelan:
I do not think I can give a commitment to suspend interest and penalties because, as the committee members are aware, interest is a statutory provision. If there is a liability, interest is statutory. Under the code of practice of Revenue audits and interventions, penalties have a statutory basis. In some cases, there will be no penalty.