Oireachtas Joint and Select Committees

Tuesday, 17 November 2015

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2015: Committee Stage

4:00 pm

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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It is not self assessment. To get the relief, one must get approval from Revenue. Revenue knows the high income earners governed by the relief. That is not to say that it would not approve the relief but at least it knows what it is doing. As I said, this measure is monitored by Revenue and reliefs have to be approved individually.