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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: It is a VAT exemption.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Yes, but it is an entirely different model. It is a VAT exemption, not a tax exemption.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We must return to the amendment. I am not going to open up a general discussion on taxation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We are not debating the issue of a financial transaction tax.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: The Deputy and the Minister of State are moving in that direction.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I will not engage in a discussion on a financial transaction tax.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: There may be data for us to examine next year, Doctor.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We very much welcome Deputy Twomey's contribution this afternoon.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Deputy Doherty, how stands the amendment?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I imagine that clarifies matters for you, Deputy.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: While the Minister of State is speaking to his officials I will go back to the explanatory memorandum, which will give us some indication of what we are discussing.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Amendments Nos. 79 to 81, inclusive, are related and will be discussed together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Amendments Nos. 83 to 92, inclusive, are related and will be discussed together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I am aware the Minister's private secretary is about six feet off the ground outside the door as I understand the Minister has to meet Christine Lagarde shortly. Perhaps we can bring the section to an end and move on.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: When the legislation remodelling the car tax system was first introduced in 2008, it brought about a complete change in the operation of this country's auto industry. If Deputies will excuse the pun, it could be said that we were in a different environment at that time. Approximately 20% of the national fleet of vehicles had diesel engines in 2008, but I understand that has since increased...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: Briefly, I note there is a vote in the Dáil and I hope to finish this section.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: RTE has been on to me, through one of the ushers. There was a great deal of mobile phone interference, particularly around the Minister's table, in the broadcast this morning. Perhaps some officials have mobile phones turned on.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We are beginning to repeat ourselves. If we could get the Minister to briefly and succinctly respond and get this section concluded, we will suspend for the vote in the Dáil.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: I must ask the Minister to indulge the Chair.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Ciarán Lynch: We will suspend for the vote in the Dáil to take place. I call on colleagues to return to the committee room as soon as the vote is completed.

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