merrion street

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, on behalf of the Government, confirms that the collection of the alleged State aid from Apple has commenced today (Friday) with the payment of the first tranche of [circa €1.5 billion] being deposited in the Escrow Fund. This is the first of a series of payments with the expectation that the remaining tranches will flow into the fund during Q2 and Q3 of 2018 as previously outlined.

There will be no further official comment on collection of the alleged State aid until the full recovery has been effected which is expected by the end of Q3 2018.