Ms Oonagh Fleming:

We did look and carefully examine the reporting requirements providers already have. We are aware they all report to Revenue in the January to December timeline for tax returns. We are aware that those who are registered with the Charities Regulator have another set of requirements. Those that are registered with the Companies Registration Office will have annual return dates specific to their own businesses. We were faced with a very diverse section that has different reporting requirements, depending on business size. We had to find a way that would be proportionate such that a sole trader with no employees would only have a smaller ask on a report. The approach we took was a chart of accounts, which is a list of nominal codes for income and expenditure. To ensure it was sector-specific we went out to consult with the sector on-----