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

On the additional cost of €27 million, I will talk about the split of it first of all. For companies outside pillar 2 scope, it is approximately €13 million. For companies in scope of pillar 2 it is €14 million. The cost of the 5% increase before the pillar 2 top-up tax is €137 million. Then €123 million of that is essentially got back because this is now going to be taxable because it is in the form of a grant.