Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Ms Susan O'Halloran:

The moneys that are in the escrow fund will remain in escrow until there has been a final determination of the appeal by the European courts. At the moment, we do not know how long that will be. What I can say to Deputy Devlin is that in July 2020 the General Court in Europe made its decision annulling, effectively, the Commission's decision and finding, therefore, in favour of the State and Apple, but the Commission subsequently appealed the ruling of the General Court to the European Court of Justice. That litigation is being managed by the Department of Finance in conjunction with the Attorney General's office and legal advisers. At this point, we do not have a clear picture as to how long it will take for that case to run its course. We suspect it will probably be another couple of years. We understand that there has not been a date set for the oral hearing as yet.