Dáil Éireann Debate, Tuesday - 13 November 2012
248. Deputy Brendan Ryan asked the Minister for Finance the amount of money that was collected from the Universal Social Charge from Deeds of Covenant in respect of permanently incapacitated minors in 2011 and to date 2012; and if he will make a statement on the matter. [50076/12]
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.
