Dáil debates

Tuesday, 13 March 2012

Finance Bill 2012: Report and Fiinal Stages

 

7:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)

The proposed administration charge of €500 is necessary to defray the costs of development and ongoing administration required for the efficient operation of the export refund scheme. The fee will enable development costs to be recouped as quickly as possible to minimise the burden on the taxpayer. In other countries, such as Denmark, where a similar scheme exists, an administrative charge of 15% of the value of the vehicle is charged. The administration fee also protects the State from individuals who might use the export refund scheme for cash-flow purposes.

It will not be possible to have the scheme up and running from 1 April 2012 as a significant amount of preparatory work is required within Revenue, including the development of a new IT system. Procedural and operational changes will need to be addressed, not just within Revenue but also among other stakeholders such as NCTS and those responsible for the national driver and vehicle file at Shannon. Consequently, I oppose amendments Nos. 17 and 18.

Comments

No comments

Log in or join to post a public comment.