Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Business of Committee

10:20 am

Photo of John DeasyJohn Deasy (Waterford, Fine Gael) | Oireachtas source

A Valuation (Amendment) Bill was introduced in the Seanad several months ago to provide for self-assessment. This would be an entirely different system from that which obtains. New valuations are being prepared, but when that Bill is enacted, there will be an entirely different assessment regime for businesses. Nobody has thought about how we deal with one set of people whose businesses were being valued using a new method being brought in. We were told that the people whose businesses were valued using the old method would not be allowed to self-assess under the new method. These are the issues that need to be addressed.

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