Minister Donohoe confirms first payment of alleged State aid from Apple

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, 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.

The Government does not accept the Commission’s analysis in the Apple State aid decision and have lodged an appeal with the European Courts. However, we have always been clear that we are fully committed to ensuring that recovery of the alleged Apple state aid takes place without delay and have committed significant resources to ensuring this is achieved.

ENDS