The Secretary of State for Fiscal Affairs, Rocha Andrade, informed Parliament today that there had been a failure to transfer data between the Finance Portal and the central system that caused 14,000 offshore transfers amounting to €10 billion, to avoid inspection.
The software used has already been discontinued and another technology in place that ensured the 2015 values were accurate, he added, but the 2011 to 2014 offshore transfer details had not been reported, or inspected by the taxman.