Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 39:

In page 51, line 27, to delete “[FT — C] — T” and substitute “(FT — C) —TV”.

The amendment corrects a drafting error in the Bill as published. A new paragraph, 5A, is being inserted into Schedule 24 that calculates the balance of any foreign tax that can be offset against an individual's liability to the universal social charge. The final element of the formula should read "TV" instead of "T". I commend the amendment to the committee.