Revenue have issued clarification on a recent notice that appeared in the newspapers concerning the date for seeking outline approval for BES. In summary, 16 November had been mentioned as the last date that Revenue could guarantee a response in relation to outline approvals for the year ended 31 December 2007. Revenue now advise that, while nothing precludes an outline approval being sought after that date, they cannot guarantee a response by 31 December. It is important to note that outline approval is not a condition of the scheme.

eBrief No. 60/07 is reproduced at Section 2.07.