Dr. Keith Walsh:

Unfortunately, I am not an expert in the high earners' restriction and do not have the report with me at the moment. The high earners' restriction is designed to restrict, as the name suggests, the use of reliefs and in some ways ensure that certain categories of taxpayer pay a certain effective rate. We do give analysis to show how the report is effective. I know there is a mechanism there for carry forward but I am just not familiar with the details of it.