Oireachtas Joint and Select Committees

Tuesday, 18 April 2023

Joint Oireachtas Committee on Climate Action

Pre-Legislative Scrutiny of the General Scheme of the Energy (Windfall Gains in the Energy Sector) Bill 2023

Mr. John Burke:

On the first point, it is complex legislation. While this is a levy, it applies to taxable profits and so we inevitably have to be cognisant of the tax code and a fair bit of engagement with the Revenue Commissioners is required. There is a lot of complexity involved. The Deputy can see the complexity even within the EU regulation.