Dáil Éireann Debate, Wednesday - 24 November 2004
134 Mr. Ring asked the Minister for Finance if he will consider increasing the tax allowances for money spent on college fees for full-time undergraduate courses, particularly for Irish citizens who do not qualify for the free fees initiative; and if he will make a statement on the matter. [30578/04]
View answerAs the Deputy is aware, all reliefs, including the tax relief available on third level fees, are reviewed in the run-up to the budget. It has been the practice of successive Ministers for Finance not to comment on what may or may not be contained in upcoming budgets and I do not intend to depart from that approach.
135 Mr. R. Bruton asked the Minister for Finance when it is intended to issue amended certificates showing credits and standard rate cut-off points to taxpayers to incorporate changes made in the budget for 2005; and the provision which will be made for refund in respect of excessive deductions made before the revised certificates take effect. [30656/04]
View answerI am informed by the Revenue Commissioners that they are making arrangements to issue in excess of 2 million tax credit certificates to PAYE taxpayers in the period 10 to 31 January 2005 which will incorporate any changes made in the budget. Similarly, in early January, they will be issuing certificates to employers, by post or electronically, via the revenue on-line service so that the correct tax credits can be applied in the calculation of employee wages or salaries.
The PAYE system is a cumulative system and all tax credit certificates automatically apply from 1 January of the year of issue. In these circumstances, no specific provisions are required by the Revenue Commissioners to deal with any refunds which might arise. Any adjustments, including refunds, will be made by employers.
