Tax issues: The Revenue stated yesterday that it has completed its inquiries into the recent scandals at AIB.

The Irish Financial Services Regulatory Authority (IFSRA) said no tax matters remain outstanding for AIB.

Last May the bank said it had "underwritten" an €800,000 liability that would include tax, interest and penalties and that arose from certain deal allocation practices at AIB Investment Managers Ltd (AIBIM).

An AIB spokeswoman would not confirm that the bank had paid this amount. She declined to say how the tax liability arose.

IFSRA said in its report that the Revenue Commissioners are still investigating the tax affairs of a small number of senior executives and former senior executives of AIB group.

The investigation is understood to relate to offshore bank accounts and the Faldor investment account at AIBIM that was linked to other former senior AIB executives.

A spokesman for the Revenue Commissioners would not comment on the issue.

In May, the bank issued a statement concerning an investigation into deal allocation practices in AIBIM in the early 1990s. The bank said there were "taxation consequences arising from some of the practices identified in the investigation. These amount to approximately €800,000, including tax, interest and penalties, which AIB will underwrite".