Seanad debates

Wednesday, 7 December 2022

Finance Bill 2022: Committee Stage

 

10:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The Department will look at the implementation of the changes we have made over the coming period, although I do not have further plans to broaden the scheme. In the engagement we have had on this with representative bodies, the main ask of us was to increase the allowable frequency and value of the payment rather than the breadth of it, and that is what we have done. In the context of challenges employers were facing as the pandemic began to ease and of choices they may now make when confronted with the cost-of-living pressures their employees face, I think the change we have made is proportionate and good.

To respond specifically to Senator Kyne, we are not planning to expand the breadth of the scheme but we have responded to the main issues we were asked to consider, namely, the permissible value and frequency of the payment, and so far, I think it has received a good response. As for Senator Byrne's questions, the Department will have to look to 2023 regarding how the scheme has been implemented and drawn down. Most of it happens in the run-up to Christmas and so far, I have not been made aware of any issue with its operation.

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