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

We hope to get a positive response from the Commission on this issue. As we developed the relief, we looked closely at equivalent reliefs in other EU jurisdictions and we modelled it on our own section 481, so we are hopeful of a positive response on it. Obviously, that cannot be guaranteed. We expect that the overall procedure for gaining that approval could take nine to 12 months. We have indicated to those in the sector that this process could take that duration. I am hopeful, but I cannot give a guarantee.