122 Deputy Caoimhghín Ó Caoláin asked the Minister for Finance if his attention has been drawn to the fact that a company (details supplied) had an agreement with Ulster Bank that every time it sold a house it would lodge the entire moneys with the bank and that the bank would subsequently pay the 13.5% VAT to the Revenue, that Ulster Bank has failed to do this and that consequently Revenue is now bringing the company to court to get its VAT and that there are many builders facing the threat of liquidation in similar situations; and if he will make a statement on the matter. [12238/12]

Summary

122 Deputy Caoimhghín Ó Caoláin asked the Minister for Finance if his attention has been drawn to the fact that a company (details supplied) had an agreement with Ulster Bank that every time it sold a house it would lodge the entire moneys with the bank and that the bank would subsequently pay the 13.5% VAT to the Revenue, that Ulster Bank has failed to do this and that consequently Revenue is now bringing the company to court to get its VAT and that there are many builders facing the threat of liquidation in similar situations; and if he will make a statement on the matter. [12238/12]

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• Bank Guarantee Scheme

  xml · EN · 6 March 2012

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