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Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: It is on the screen there.

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: We do not need to mention the name in public at this stage.

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: There is a clear address on the second page. The Deputy can see it. Will we forward it to the Commissioner for a response in advance of the next meeting? We will note it and consider it as part of our correspondence schedule for the Garda. We will put it in our file in connection with the Garda Síochána so people can note it. No. 533C, dated 20 May 2017, is from an individual...

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: Even though we have dealt with this, we will forward a note. Should we ask for a response from the Department of Education and Skills, the HEA or the college?

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: Yes, it gave its view here in public.

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: We will write to the HEA and will include this in our correspondence to be considered when we are doing our report on third level colleges.

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: We will come to it in our work programme. We have had three days of public meetings with selected third level colleges. We must complete our report and we will include this in our report. As to what conclusion we will draw, we must discuss it. No. 532C, dated 18 May, is from an anonymous individual making some comments about our meeting with the Garda on 4 May 2017. We will note it and...

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: We are now back in public session. Today we will examine Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs; Chapter 14 - Research and Development Tax Credit; and Chapter 16 - Deferral of Tobacco Stamp Liability, all of which are dealt with in the Comptroller and Auditor General's annual report for 2015. Several months ago we examined the overall Vote in respect of the...

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: I now call on Mr. Niall Cody to make his opening statement.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: I call on the committee's lead speaker, Deputy Marc MacSharry, who will be followed by Deputy Peter Burke. The first speaker has 20 minutes, the second speaker has 15 and subsequent speakers, who have ten minutes, have indicated in the following sequence: Deputy David Cullinane, Deputy Catherine Murphy, Deputy Catherine Connolly and Deputy Shane Cassells.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: I thank Deputy MacSharry. The next speaker is Deputy Peter Burke, who has 15 minutes.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: Million?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: That is €2.7 billion.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: Mr. Cody should not be saying that in front of the Comptroller and Auditor General.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: Deputy Cullinane is next. I suggest we keep to ten minute slots. I was generous to the accountants, talking about those issues to Revenue.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: That is the only chance Waterford has of winning.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: Can Mr. Cody explain the word "arbitrage" for our viewers?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: If Mr. Cody sends it to the clerk, he will circulate it to us.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: Mr. Cody need not talk about individual taxpayers.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability
(1 Jun 2017)

Seán Fleming: The Deputy did not mean it.

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