Oireachtas Joint and Select Committees

Thursday, 19 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Statement of Strategy 2017: Department of Finance

10:00 am

Mr. Derek Moran:

This is a case before the courts. We submitted the legal challenge in December. I understand the company also made a submission, which is related but separate. The grounds of the challenge were published and it will now go through the court process. We are in a process and because of the ruling we are obliged to collect the money. We are working our way through it. What we get in the Commission's finding is a formula, on which it guesses an amount. The €13 billion was part of a press briefing and not part of the decision, which gives the formula. We must work through what that might be, year by year, over a period of ten years and agree it with the Commission.