Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Okay. So it is not like other withholding taxes that apply whereby the funds are held in reserve and offset against the ultimate tax liability that is computed. It does not operate like that, does it?