Oireachtas Joint and Select Committees

Thursday, 30 November 2017

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts

9:00 am

Mr. John Hogan:

I think there is the possibility for it to be paid in in stages and some of that is dependent on the final calculations being made in terms of what Revenue assesses is in respect of each particular year and in respect of the particular company involved. Putting a very large sum of money into the escrow account or the escrow fund on the first day would pose challenges for any fund manager. One needs to be sure that this is put in a staged manner that allows for the fund managers to be able to invest them in a particular and proper way.