ACCBank has paid £17.9 million to the Revenue Commissioners, having estimated its liabilities at between £1.5 million and £17 million. The settlement includes a £7.5 million DIRT liability plus £10.4 million in interest and penalties.
Ulster Bank paid £4.2 million to the Revenue. It estimated the most it would have to pay would be £900,000. The £4.2 million settlement relates to an underlying tax liability of £1.7 million plus £2.5 million in interest and penalties.
Bank of Ireland had estimated its total tax bill at £2.8 million, but had to pay £30.5 million to the Revenue. The settlement comprises an underlying DIRT liability of £12.75 million plus interest and penalties of £17.75 million
AIB estimates it owes £35 million, including interest and penalties, although contested internal audit reports suggest its liability is closer to £100 million. It is still negotiating with the Revenue on the issue.
National Irish Bank has made a provision of £1 million for any potential liability. It is still in negotiations with the Revenue.
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