Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The committee discussed this matter with the Minister of State, Deputy D'Arcy, who outlined the two transitional measures that would be in place were the Bill enacted. The first relates to filing a return, paying stamp duty at 6%, receiving a stamp certificate and, on enactment of the Finance Bill, a refund being put in place. The second relates to filing a return through the e-stamping system and paying the stamp duty at approximately 2%, in which case a stamp duty certificate will not be issued. On enactment of the Finance Bill, Revenue will publish information on how a postponed stamp certificate can be obtained. We will discuss this matter further with the Revenue Commissioners.

I was hoping that the announcement of the second measure would address the difficulties that had been caused. The Revenue Commissioners have since informed me that neither interest nor penalties will be charged across the period during which this matter will be addressed. This is a further recognition of the issue by the Revenue Commissioners.