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:

No. Looking at the rate of nil-yielding interventions, it is approximately 30% across the board.

The work in respect of the medical consultants has a 70% yield. A particular feature of the medical consultants cases is that there is a consultant and a company. We could have a settlement entirely attributable to the individual, which would mean that the company yield would be nil. Such outcomes have an inherent nil yielding. In some cases there would be a yield from both the individual and company sides. The real nil yielding is actually much less; if we counted each of the consultants and his or her company as one, we would have a very low nil yielding in this project.