DIRT settlements made so far by errant banks

The following are the DIRT settlements announced to date:

The following are the DIRT settlements announced to date:

National Irish Bank

NIB paid £5.25 million (€6.67 million), comprising £2.29 million DIRT and £2.96 million interest and penalties. The bank had estimated it might owe £337,915 but made an internal provision of £1 million.

TSB Bank

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TSB Bank made a settlement of £2.75 million being a DIRT payment of £1.2 million and interest and penalties of £1.55 million.

Bank of Scotland Ireland Bank of Scotland Ireland settled for £86,000. No estimate was included in the Comptroller & Auditor General's DIRT report.

AIB Bank

AIB paid £90.04 million, comprising a DIRT liability of £34.58 million and interest and penalties of £55.46 million. The bank had estimated its own liability at around £35 million, including interest and penalties. It contested internal audit reports suggesting a liability of closer to £100 million.

ACCBank

ACCBank has paid £17.9 million to the Revenue Commissioners, having estimated its liabilities at between £1.5 million and £17 million. The settlement comprised a £7.5 million DIRT liability and £10.4 million in interest and penalties.

Ulster Bank

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 comprised an underlying tax liability of £1.7 million plus £2.5 million in interest and penalties.

Bank of Ireland

Bank of Ireland estimated its total tax bill at £2.8 million, but ended up paying £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.

Irish Life & Permanent

IL&P made a settlement payment of £7.5 million made up of DIRT payments of £3.7 million and interest and penalties of £3.8 million.

BNP Paribas

BNP Paribas, which had 3.2 per cent of the non-resident market, was assessed by the Revenue as having no liability.