Finance (Covid-19 and Miscellaneous Provisions) Bill 2021: Committee and Remaining Stages
Seanad Éireann — 2021-07-13
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Seán Kyne (FG), Cultural and Educational Panel

The warehousing provisions are very important in giving the breathing space and scope to businesses. It is not a case of companies not paying their tax. The State will not lose out in the long run, it just gives businesses breathing space with tax, VAT and PRSI. Sections 8 to 12, inclusive, are all broadly similar on warehousing. The provision of a zero interest phase is very important, as is allowing that to run up to 31 December 2022 under period 2. Period 1 runs to the end of this year and there is a further period 3 where interest is charged at 0.3% per annum and warehoused liabilities to run from 1 January from 2023. I acknowledge the provisions that have been put in place under sections 8 to 12, inclusive.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2021-07-13/debate/main
Retrieved: 2026-08-14T04:49:31+00:00
Sitting date: 2021-07-13