Dáil Éireann Debate, Thursday - 29 March 2012
63 Deputy Brendan Ryan asked the Minister for Finance the amount that has been collected from charging the universal social charge to Deeds of Covenants in relation to permanently incapacitated minors; if he will break the figures down on an annual basis; and if he will make a statement on the matter. [17343/12]
View answerThe position is that both income tax and Universal Social Charge (USC) are chargeable where a permanently incapacitated minor child is in receipt of income by virtue of a deed of covenant from a person who is not his or her parent. The income is chargeable to tax and USC in the hands of the recipient. I am informed by the Revenue Commissioners that information on the yield of USC from the income source mentioned in the question is not separately identified in Revenue statistics. There is, therefore, no statistical basis on which the information requested by the Deputy could be provided.
