Oireachtas Joint and Select Committees
Thursday, 5 May 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
9:30 am
Mr. John Hogan:
The numbers feed through as part of the returns that come in through our Revenue Commissioners, so there is full transparency in terms of the cost associated with that. The change that we introduced in relation to the cap kind of reflects the fact that we continuously keep these tax expenditures under review. Where we feel there is a need to move the cap or reintroduce or make amendments, depending on how things are beginning to unfold in relation to the scheme, we move to do that.