Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

As is often the case when it comes to a new set of rules or a new set of regulations, there can be a bedding in period. Once they are in place for a few months very often they work well and people's concerns are allayed but that is not always the case, and we have to be flexible and mindful of these things and sometimes make changes if they need to be made. With that in mind, the Department of Finance will continue to monitor this matter as Revenue continues to engage with stakeholders.

As it currently stands, there are no plans to deviate from the commencement of the enhanced reporting requirements from 1 January. The Minister, Deputy Coveney, who is sat beside me here, has a particular remit for business and is aware of the matter, as is the Minister for Finance, Deputy McGrath, and we will certainly monitor the situation and make sure that this happens as seamlessly as possible.

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