Eric J. Byrne
Question:219 Deputy Eric Byrne asked the Minister for Finance the position regarding section 71 of the Finance Bill 2012 (details supplied); and if he will make a statement on the matter. [25066/12]
View answerTuesday, 22 May 2012
Questions (132)
Written answers
The Deputy is referring to Section 83 of Finance Act 2012 which deals with the Export Refund Scheme. The reason the scheme will commence when the Minister for Finance so orders, is because of the time required to ensure the necessary systems and procedures have been put in place. As the Deputy will appreciate, the appropriate IT system required for the scheme to function effectively will have to be developed in line with the terms of the legislation. The Revenue Commissioners, who will be responsible for implementing the scheme, have commenced initial work on the development, but the development is just one of a number of ongoing IT developments within Revenue which must be scheduled with others across all tax codes. For this reason, I am not in a position at this moment to give a definitive commencement date.