Enda Kenny
Question:276 Mr. Kenny asked the Minister for Finance the annual yield for deposit interest retention tax for the years 2002, 2003, 2004 and 2005; and if he will make a statement on the matter. [9257/06]
View answerTuesday, 7 March 2006
Questions (247)
Written answers
The net yield from DIRT collected was €206.5 million in 2002, €153.3 million in 2003, €143.6 million in 2004 and €167.1 million in 2005. The figure for 2005 is preliminary and subject to revision. The annual yield from DIRT is dependent on the amount of moneys on deposit and the rates of interest applying to such deposits. As such, the annual yield can vary greatly where interest rates change. This is apparent in the sharp decrease in yield in 2003, compared to 2002, following a reduction in interest rates in that year.