Oireachtas Joint and Select Committees

Thursday, 7 March 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2013: Committee Stage (Resumed)

10:30 am

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

The amendment seeks a doubling of the rebate.

We are allowing 7.5 cent but it seeks a doubling to 15 cent. The Deputy could say that with the rise and fall of fuel prices, there will be periods of time when the rebate will be lower than that but it is within those margins. All the risk is on the Exchequer; nobody other than the Exchequer takes any risk. I am cautious about this measure and have gone a long way with the Irish Road Haulage Association by introducing the rebate at 7.5 cent and that it where it will stay until we see how it operates.

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