It is according to new figures provided by the Minister for Finance, Paschal Donohoe who said that the it is costing the Revenue Commissioners on average €120,000 per week to maintain and store the ship.

Across 2013, 2014 and 2015, the farmer declared a combined income of €493,443 but the TAC found that lodgements to his accounts during that time totalled €1.99 million.