Darragh O'Brien (Fianna Fail) | Oireachtas source

To make a procedural point, a number of recommendations did not make it to this Stage for technical reasons. I will outline them briefly because they have been re-tabled. I do not expect the Minister of State to respond, nor should he on this Stage.

There will be a proposed recommendation relating to zero-rated goods and services in respect of nicotine replacement therapies. They are working very well after one month. There will also be two proposed recommendations relating to penalties for diesel laundering to provide for increasing the fine up to €150,000. With regard to the local property tax, we will re-table the recommendation put forward in the Dáil relating to the review date. This will be a new section. I have discussed this with the Minister's officials, which is the reason I am mentioning it now.

There will also be a proposed recommendation that the local property tax, LPT, paid in respect of a rented property shall be deductible by a liable person in accordance with section 11 for income tax or corporation tax purposes and a proposed new section that one-third of management fees or €350, whichever is greater, be deducted from the LPT for those who pay annual management fees to management companies, be they in apartments or houses. I will discuss them in more detail tomorrow. Another recommendation proposes that there be a report on the local property tax within six months.

There will also be a recommendation regarding an excise duty fee on off-licence retailers, which would be a mechanism for the Minister to raise more money and would level the playing pitch for independent off-licences. Finally, there is a proposal for an income tax relief for investments in corporate trades in employment and investment incentive schemes and seed capital schemes that will replace four years with five years. It also replaces four years with five years in line 12.

The recommendations have been resubmitted and I mention them for the purpose of tomorrow's debate.