Pat Carey
Question:152 Mr. Carey asked the Minister for Finance if the tax matters of a person (details supplied) in Dublin 11 will be completed; and if he will make a statement on the matter. [8324/04]
View answerTuesday, 23 March 2004
Questions (158)
Written answers
I am advised by the Revenue Commissioners that the taxpayer was in partnership with another individual between March 2002 and April 2003. VAT returns for all periods up to April 2003 have been received and a VAT credit of €2,075 arises. Relevant contracts tax of €3,542 has also been paid. The total credit available for set-off against any other tax owed by the partnership is €5,617.
Given the nature of the break-up of the partnership, the taxpayer in question is finding it difficult to complete accounts for the partnership and his own personal tax return. He has agreed to submit to Revenue full details of the partnership, including debts outstanding at date of termination. On receipt of this information, Revenue expects to be in a position to finalise the tax liability of the partnership and his own personal tax liability.