Oireachtas Joint and Select Committees

Wednesday, 29 March 2023

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2023: Committee Stage

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is a systems issue whereby one can apply, retrospectively, the change in the entry criteria. Instead of the 50% increase, it is now a 30% increase, with regard to the gateway into the scheme. That can be applied all the way back to 1 September. That change can be done retrospectively. It is a systems issue. The other elements cannot be applied in the same way and, therefore, are prospective in nature.

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