Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

128. To ask the Minister for Finance the position regarding the Revenue Commissioners contractors project; and if he will make a statement on the matter. [49300/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

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 and they provided updated statistics in response to Question No. 313 of 2014 from the Deputy on 17 September 2014. 

The Commissioners have provided the following further updated figures:

Since 1 July 2013 to date, audits have been closed in 612 companies, with additional liability in 476 cases and 80 settlements in respect of connected individuals.  Additional tax of €9,689,618 has been identified, with penalties of €2,766,426 and interest of €2,712,871, giving a total of €15,168,915.

In addition, 167 companies remain under audit.