Mr. Niall Cody:

In terms of current plans, we communicated with the relevant taxpayers in November. The last returns are due in January and February. Sometime in the middle of the first quarter, we will write to all of the businesses that are in the warehouse setting out their final position and total amount and reminding them of the need to keep their 2022 returns in and paid. Towards the end of 2022, we will be engaging with individual taxpayers. There will not be a one size fits all. Some businesses will be in a position to start repaying on an instalment arrangement quicker than others. Ultimately, at the end of the process some of this amount will be uncollectible and will be written off. I have noted a lot of commentary that there will be a cliff effect. We would not have come up with the idea around the debt warehousing to support businesses and to keep them in business only to then pull the plug immediately. That would not make any sense. We will take a proportionate response. I am sure the Comptroller and Auditor General will be keeping an eye on us.