Oireachtas Joint and Select Committees

Thursday, 2 December 2021

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Revenue Commissioners
Chapter 12 - Controls over the Temporary Wage Subsidy Scheme
Chapter 13 - Revenue's Management of Suspicious Transactions Reports

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

The notice that issued on 29 November 2018 was for €1.63 billion. The point I am making is that at the end of the process, Perrigo finished up paying a figure of €266 million. I am trying to figure out whether the tax liability was calculated as 12.5% or 33%. I know we are not going to settle this today but we do not have much of an explanation as to how that figure was reduced by so much. Even if this was treated as attracting a tax liability of 12.5%, the figure would be double what was yielded at the end of the day. It would be closer to €600 million than €266 million. That is the only point I am trying to make. Can the Revenue Commissioners give a further explanation in writing? We do not have time to pursue it.