Ms Josephine Feehily:

Every year we bring to the Department a list of changes we want to propose. Many of them are technical, but some of them have to do with mitigating risk. If we thought the tax rates were exposing us to a risk, we would come at them, but normally they are off our page and we do not take a view on them. We take it that it is for the Department to take a view on them, unless we considered they were exposing a risk we would have a difficulty in managing. We would tell the Department about the risk and give our view and it would then make the decision.