Mr. Derek Moran:

Off the top of my head, so far there have been about 4,700 applications, 1,200 of which are gone to stage 2, which is the approval stage, and about 500 of which have been paid. The average payment to date is approximately €15,000. I should say refund rather than payment because it is a refund of tax paid.

People have been taking the 4,700, multiplying it by 15 and getting a larger number. At the end of the day, we do not know how many of the applicants will proceed and get a mortgage or buy a second-house instead. The cost to date is approximately €8 million. We are watching the situation closely and Revenue is producing real-time, publicly accessible data as we go along.