Oireachtas Joint and Select Committees
Wednesday, 5 October 2022
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Update on Quarters 1 and 2: Discussion
Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source
The timetable is to have it legislated for and up and running by the end of November. The Minister, Deputy Donohoe, is doing the legislation, the Revenue Commissioners are going to do the administration and we will backdate it to September, so businesses can bank on that. We do not have state aid clearance yet. Under the state aid rules that are part of the temporary crisis framework it is only supposed to run until the end of the year and we want it to run at least until the end of February. The difference we are supposed to refund should only be 30% and we have stretched it to 40%. However, I met with Commissioner Vestager last week, as did the Taoiseach and the Minister, Deputy Donohoe. I did not get any cast-iron commitments but we got a fair hearing and a good one. She indicated that temporary crisis framework would be extended well into 2023 and did not baulk at the idea we would go to 40% rather than 30%. It does not have state aid clearance yet and we are working on that.
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