Mr. Charlie Phelan:

I will go back to the bit about the unfairness. Our charter of rights would ensure that we give everybody as fair a deal as possible. I remind the committee that right now we are running an advertising campaign to encourage taxpayers to ensure they claim their PAYE credits or tax credits before the end of the year in order that they do not fall out of the four-year time limit. Certainly, if there is any benefit to be given to taxpayers, the Revenue appreciates the charter of rights and sticks to it rigidly. I will ask Mr. Walsh to come back to the other bits.

On the technical bit about the virtual paper, etc., I do not want to rehash the argument about the virtuality of it but I understand what the committee members are saying.

The amount due to Revenue is not an easy sum to do because it depends on the individual circumstances. Where somebody has no income in the year or a loss, if one adds some income to it, certainly it has no tax effects, but the committee members can do some of the mathematics on this. It is in the public domain that there were 600,000 patronage shares issued in these three years and the mathematics of applying values to that are reasonably easy, but we could not put a tax figure on it because it depends on the circumstances of the taxpayers.