Sunday December 8, 2019

Exchequer Returns contained €101m error, says Central Bank

Exchequer Returns published by the Department of Finance last week contained a €101 million error, the Central Bank has said.

8th April, 2014
The Central Bank informed the Department of a “discrepancy”.

Exchequer Returns published by the Department of Finance last week contained a €101 million error, the Central Bank has said.

The bank issued a statement today to say that it had informed the Department of the “discrepancy”, which involved a misclassification of income tax as VAT..

“The overall level of tax collected is unchanged,” said the statement. “In relation to March 2014, €101 million was classified as VAT which should have been classified...

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