Michael McGrath (Cork South Central, Fianna Fail)
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313. To ask the Minister for Finance further to Parliamentary Question No. 38 of 11 June 2014, the position regarding the Revenue Commissioners audits for 2014 in respect of self-employed contractors; and if he will make a statement on the matter. [34630/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a comprehensive reply on the National Contractors' Project was provided to the Deputy in response to Question No. 38 of 11 June 2014.  The project is continuing and the Revenue Commissioners have provided the following updated figures: 

Since 1 July 2013 to date, audits have been closed in 502 companies, with additional liability in 405 cases, and 50 settlements in respect of connected individuals.  Additional tax of €7,654,492 has been identified, with penalties of €2,186,024 and interest of €2,103,382, giving a total of €11,943,898.

In addition, 251 companies remain under audit.