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

I will answer the Deputy’s first question. He gave an example of there being €1 million worth of product that has been returned and the VAT treatment of that. His question was about whether those products could be returned when clearing out the garage a year later or whatever. There are operational issues there. The Revenue will be developing regulations. We expect those to be completed by the end of year but they certainly will have to be finalised before the scheme comes into operation. That will deal with the specific operational issues around accounting for unreturned product that could come back over a period of time.