Mr. Niall Cody:

Our guidance tends to be clearer than legislation because one can write guidance in more straightforward English. When the Oireachtas passes the Finance Bill and it is signed, we issue guidance on that. We are satisfied the legislation and our guidance are very clear. There are people who are not satisfied and who would rather the law was changed and the rules loosened, or they feel we might be wrong. That applies regardless of whether this is legislated for. It is a matter for the courts.