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Tax Yield.

Dáil Éireann Debate, Wednesday - 29 June 2005

Wednesday, 29 June 2005

Questions (175)

Joan Burton

Question:

178 Ms Burton asked the Minister for Finance the total amount of taxes, penalties and interest recovered arising from the different revenue investigations and tribunals of inquiry from 1997 to date; the amount in respect of each such investigation, such as the inquiry into DIRT and Ansbacher accounts; if he allocated the proceeds of such investigations and tribunal inquiries to specific expenditure headings; and if so, if he will identify those headings. [23111/05]

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Written answers

I am informed by the Revenue Commissioners that figures of the total yield from various special investigations and initiatives by the Revenue Commissioners, which are available for the years 1998 to 2004 and updated to 31 May 2005 are set out in the following table.

Yield from Special Investigations up to end May 2005.

Heading

Total yields

€m

DIRT audits

225.0

Bogus non-resident accounts

583.2

Offshore assets

734.2

Single premium policies

2.6

Ansbacher

47.8

NIB/Clerical Medical

54.1

Tribunals

34.8

Total

1,681.6

Any apparent discrepancies in totals are due to rounding of constituent figures. Further information on the yields from the various special investigations and initiatives can be found on the Revenue website at www.revenue.ie.

As regards allocating the proceeds of such investigations and tribunal inquiries to specific expenditure headings, it is a constitutional requirement that, in the absence of specific legislation to the contrary, all State revenues be paid into the central fund. All of the moneys received to date from Revenue special investigations have been paid into the central fund and, as such, became part of the general revenues underpinning the Government's expenditure targets in those years.

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