Report on corporation tax rules to be ready by April

A report by Revenue into Ireland’s corporation tax rules is set to be completed by April — weeks after major multinationals like Apple and LinkedIn are brought before TDs over loopholes in the system.

Revenue chairman Niall Cody will confirm the situation to the Dáil’s public accounts committee during a meeting which is set to be heavily dominated by the Paradise Papers fallout, Brexit, budget tax changes and the TV licence fee.

In his opening statement to the group this morning, Mr Cody is expected to say that, due in part to ongoing concerns about corporation tax rates in Ireland, Revenue is conducting an analysis of the money firms’ pay.