Oireachtas Joint and Select Committees
Thursday, 9 November 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2017: Committee Stage (Resumed)
10:00 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The cleanest way to deal with this is to bring in another financial resolution to give legal effect to the transitional measures now in order that people can conclude the transaction, pay the 2% and get the transaction stamped. Otherwise there will be issues for people who are caught midstream between now and then. While Revenue may not levy any interest, interest could arise in commercial transactions with a delay of a couple of months.
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