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Dáil Éireann debate -
Tuesday, 11 Oct 1966

Vol. 224 No. 7

Ceisteanna—Questions. Oral Answers. - Voluntary Health Insurance Board.

7.

asked the Minister for Finance the amount paid to date by the Voluntary Health Insurance Board in income tax; and if he is prepared to grant them an exemption from income tax.

The Deputy will appreciate that statutory obligations as to secrecy preclude the Revenue Commissioners from disclosing the income tax affairs of a particular taxpayer. However, the Voluntary Health Insurance Board, in their Ninth Annual Report and Accounts, published recently, include a summary of income and expenditure for the nine years from the 12th February, 1957, to 28th February, 1966, which indicates that income tax paid by the Board for those years amounted to £34,783.

With regard to the second part of the question, I would refer the Deputy to section 5 of the Finance Act, 1964, which exempts the trading profits of the Board from income tax for the year of assessment 1964-65 and subsequent years. I might add that the exemption does not extend to investment income received by the Board.

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