Oireachtas Joint and Select Committees

Thursday, 15 November 2018

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

It is its call to bring forward some of this in year one and to pay the tax and move on. For people watching with an interest in this area, the reference for this correspondence is 32R001683-PAC. It makes interesting reading. People were mystified as to how this extra amount of money appeared.

Mr. Cody's letter stated that towards the end of the year, the figure was €350 million but he is now expecting a figure of €1.5 billion in excess compared to the original budget predictions.