Oireachtas Joint and Select Committees
Tuesday, 15 November 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2022: Committee Stage (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes. If it is for amounts more than €100,000 that it will be payable over a three-year period. There will be €50,000 payable in year 1, €30,000 in year 2 and €20,000 in year 3.
That is the way it will work. I believe the changes we have made will be of help. I, or the Minister for Finance of the day, will assess whether any further changes are merited and whether it needs to be varied further. However, at the moment, our judgment is that the changes we are proposing here will help. While they are primarily about the timing of a payment rather than the quantum of credit, this is something smaller companies have called on me to do for a while.
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