This Bill, as has been stated by the Minister of State and the Government, is largely technical in nature, protecting the EU's financial interests and creating offences around fraud affecting the financial interest of the EU. We are generally supportive of it. It is welcome to see legislation that will tackle this issue, given that estimates of the volume of fraud against the EU budget range from €400 million to €5 billion, including an estimated €1 billion linked to VAT fraud. This is a massive expense on the Euro…