The Dail Committee of Public Accounts will today consider a report from the Revenue Commissioners detailing DIRT settlements with the State's financial institutions which have so far totalled £163.8 million (€207.98 million).

The committee will meet in private session to review the report which details how much DIRT, interest and penalties have been recovered from each of the 37 financial institutions audited following the DIRT inquiry.

The report will also give details of the approach and methodology adopted by the Revenue Commissioners during the audit process. The PAC will reconvene the DIRT inquiry at the end of this month and will ask for further details and clarifications from the chairman of the Revenue Commissioners, Mr Dermot Quigley, at that hearing.

It is likely to examine the methodology used by the Revenue in determining the individual tax demands. It will also call Central Bank governor Mr Maurice O'Connell and the Secretary of the Department of Finance, Mr John Hurley, to attend the next session. The audits cover the period 1986 to 1999. The Revenue had to establish how many bogus non-resident accounts were held in the various institutions during this time and to calculate how much tax should have been applied.

Some 37 staff from the Revenue Commissioners were assigned to work on the audit programme full-time, and a further 30 worked on a part-time basis. The Revenue is now expected to turn its attentions to recovering tax owed by the holders of those bogus non-resident accounts next year.

AIB made the biggest settlement of £90 million comprising a DIRT liability of £34.58 million and interest and penalties of £55.46 million. In most cases, the amounts paid far exceeded the tax liabilities estimated by the various institutions.