Ms Josephine Feehily:

That is the problem. Many businesses were not ready for the impact on their cashflow or on their business model which relies very heavily on direct debits. There is a cooling-off period for direct debits built into SEPA that was not available to consumers in the past. We want to see a couple of months. At the end of quarter 1 we will have a better view of the impact on tax revenues. If we think it is sensible to make a proposal to the Department of Finance on the filing dates we will do so.