Oireachtas Joint and Select Committees
Thursday, 1 June 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
9:00 am
Mr. Niall Cody:
Yes, absolutely. It has been broad-based. There are many companies which paid corporation tax in 2016 that did not pay it before. It was their first year. It is a sign of that broad-based recovery across the companies. There are other factors. For example, 7,900 companies carried forward losses from 2014 but not from 2015. They paid nearly €200 million because losses are now going out of the system.