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EU estimates Irish VAT gap at €1.7bn

In response to previous EU estimates on Ireland’s Vat gap, Finance Minister Paschal Donohoe claimed it was estimated on the basis of “limited data and making a number of assumptions.”

Mr Donohoe said Revenue also had concerns about the robustness of the methodology used to calculate Ireland’s figure and the accuracy of the results.

However, the European Commission said its estimates for Ireland had been revised due to an improved methodology for inputting missing and confidential values.

Source: irishexaminer.com

 

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