Financial Provisions (Covid-19) (No. 2) Bill 2020: Committee Stage (Resumed) and Remaining Stages
Seanad Éireann — 2020-07-30
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Sean Fleming (FF), Laois-Offaly

It was 100% but it was amended subsequently to allow them bring 50% of their losses forward. I want to explain this section, which is something that is connected but quite different. For the purposes of clarity, I want to note that section 11 does not restrict loss of relief. Rather, it introduces a temporary acceleration of losses relief in respect of 50% of the losses expected to be incurred by companies in accounting periods affected by Covid-19. The balance of the loss will be relieved in due course under the normal rules. I want to explain that in simple English.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2020-07-30/debate/main
Retrieved: 2026-08-14T04:48:30+00:00
Sitting date: 2020-07-30