Oireachtas Joint and Select Committees
Tuesday, 9 February 2021
Committee on Budgetary Oversight
Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I thank the Minister. On the recovery and resilience plan, the Minister, Deputy Michael McGrath, will obviously acknowledge that the allocation in that regard is, in some cases, bigger than the allocation to singular Departments. Does he agree that the proposals relating to accessing this €853 million should come before the Dáil for a resolution for support and should be scrutinised by the committee before they are submitted to the European Commission by 31 April?
The Minister, Deputy Donohoe, will note that part of this will have to include how we respond to the country-specific recommendations. One of those is the fact that we have a system that allows for intangible assets that were onshored to be offset 100% against future profits. How will he srespond to that? Is it his intention to allow for the decrease in the standard rate of VAT to 21% to lapse at the end of March or is it his intention to extend it, given the environment whereby many businesses will not be able to avail of that due to restrictions?
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