asked the Minister for Finance is he is aware of the difficulty experienced by a taxpayer (details supplied) in Dublin 14.
Written Answers. - Income Tax Assessment.
91.
I have been advised by the Revenue Commissioners that the undercharge which arose in this case for the years 1978-79 to 1984-85 was attributable to a combination of circumstances. The main factors were the taking into account for PAYE purposes of estimated amounts of investment income which, it is regretted, subsequently proved to be substantially understated, the failure of the taxpayer to disclose on some of his returns of income full details of his investment income and the payment to the taxpayer by his employer of certain fees without deduction of tax which were properly within the ambit of PAYE. The Revenue Commissioners have informed me that the Collector-General is prepared to accord the concession of payment of the arrears of tax by instalments over a period of five years.