Oireachtas Joint and Select Committees

Tuesday, 15 November 2022

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

Finance Bill 2022: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I have already informed the committee that both reliefs constitute EU state aid. This aid is granted under the ABER regulation, to which I referred in my initial answer. Provision is made in the ABER regulation for any exempted scheme to remain exempt for an adjustment period of six months from that date. The current ABER comes to an end on 31 December but allows schemes that are currently exempted to remain exempted for six more months. That is how we get to the middle of the year.