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

I am very close to the work ongoing within the Department. The figure we gave previously was very much based on the implementation of pillars 1 and 2. We are working on the separation of the two in that we are now updating the estimate for pillar 2, although it could well be the case that pillar 1 will be agreed this year or next year. The precise timeframe for the implementation of that is unclear. The work is ongoing and I am respecting the process. I get certain high-level updates but not detail I am in a position to share at this point. However, I have given a commitment that we will be transparent about the work once it is completed. I accept the point the Deputy has made. When legislating through a Finance Bill, we always understand the cost of or yield from a particular measure. This is a very complex matter but, at the same time, it is possible to arrive at an estimate of the range of potential outcomes. The question is reasonable and one we will answer when the work is complete, which I expect will be in the coming weeks.