Mr. Niall Cody:

There is the issue about Pillar 1 and Pillar 2 and the implementation of these. As I said earlier, the area of forecasts is a matter for the Department of Finance. We support it by giving it details of what we know and what we have. The Department and the Minister set out in broad terms the impact of Pillar 1 and Pillar 2 and this figure has not been updated. There is still talk in general terms about an impact of a €2 billion loss, taking it all in the round. The reality is that it is very difficult to say what it will be. Pillar 2 was legislated for in the Finance Act and applies to accounting periods beginning on or after 1 January 2024. The first returns and payments are due 18 months after the end of the accounting year.