Finance Bill 2020: Committee Stage
Seanad Éireann — 2020-12-11
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Pat Casey (FF), Labour Panel

When I asked the Minister of State a question earlier in the week or last week, I was not expecting that figure to come back. It is quite staggering and goes back to my fundamental concern about what businesses will do in September when they are faced with this bill. It is all tied in together because what is happening in businesses such as my own is that we are using the CRSS to pay suppliers and for energy and everything else. The only thing we can park into the future is State debt - our taxes such as VAT and PAYE and PRSI - but we still owe that. I do not know whether the Minister of State can start looking at how we are going to deal with that in September because if businesses are faced with 3% interest, which is proposed at the moment, and have to fund that after September, it will be another challenge for them. This is why the CRSS needs to be looked at in a more sympathetic manner, rather than having this hard rule of access to the premises only. Other criteria need to be taken into account to see how we can help businesses to get over that hump.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2020-12-11/debate/main
Retrieved: 2026-08-14T04:48:55+00:00
Sitting date: 2020-12-11