Ms Josephine Feehily:

No. It would be impossible unless I had a crystal ball to figure it out. As I stated earlier, I do not know the characteristics of this population. We are beginning to develop an understanding of the characteristics of the properties. I do not know whether we will have the same kind of voluntary compliance levels. Generally speaking, if one takes the random audit programme as a sort of metric, we have 70% compliance across the self-assessed taxpayer base. This is just in terms of the value or in other words, the amount of income they return. However, in terms of the submitting of tax returns, for the largest cases we get 98% tax compliance in terms of submitting a form and really, all that is required in most cases is to submit a form in the first instance. This reduces to 80% compliance at the smaller tiers of these self-assessed cases. These are the kind of numbers that exist for other taxes. Between 80% and 95% of those in the self-assessed taxpayer base send in their tax return more or less on time.