Tax Collection.

Dáil Éireann Debate, Tuesday - 19 January 2010

Tuesday, 19 January 2010

Questions (165)

Joan Burton

Question:

223 Deputy Joan Burton asked the Minister for Finance if he will provide an analysis of the numbers of individuals on interest returns made by financial institutions received by the Revenue Commissioners by county for the years 2007 and 2008 within the following bands, up to €10,000, between €10,001 and €25,000, €25,001 and €50,000, €50,001 and €100,000, €100,001and €200,000, €200,001 and €300,000, €300,001 and €400,000, €400,001 and €500,000, €500,001 and €600,000, €600,001 and €750,000, €7500,001 and €1,000,000 and in excess of €1,000,001; and if he will make a statement on the matter. [48295/09]

Written answers

Minister for Finance (Deputy Brian Lenihan)

I am informed by the Revenue Commissioners that the information requested is as follows, insofar as it is available.

Range of interest reported	Number of Records reported
	2007	2008
<= 10,000	474,327	1,375,937
Between: 10,001 & 25,000	29,851	39,414
Between: 25,001 & 50,000	9,820	12,715
Between: 50,001 & 100,000	4,683	6,030
Between: 100,001 & 200,000	2,019	2,825
Between: 200,001 & 300,000	658	884
Between: 300,001 & 400,000	290	459
Between: 400,001 & 500,000	173	273
Between: 500,001 & 600,000	95	162
Between: 600,001 & 750,000	88	164
Between: 750,001 & 1,000,000	88	156
>= 1,000,001	211	417

Financial Institutions report each party to an account where the account is a Joint Account. This could mean that a joint account is included more than once i.e. for each of the parties.

The figures relate to all accounts not just those of individuals. The Financial Institutions do not classify the accounts into individuals, companies, trusts, charities etc.

A county-by-county breakdown is not provided. Financial Institutions made their returns to the Revenue Commissioners on behalf of their entire organisation. To provide a breakdown by county would require text analysis of address details reported which would be very labour intensive and, in any event, the results would not be accurate.