Written Answers Nos. 205-226
205. Deputy Michael McGrath asked the Minister for Finance if he will detail the remuneration packages, including salary, benefits, pension contributions, bonus or incentive payments/schemes and any temporary or other types of allowances, for the chief executives of Allied Irish Banks, Bank of Ireland, Permanent TSB, IBRC and for the chief executive of the National Treasury Management Agency and the National Assets Management Agency. [51230/12]
View answerI have been provided with the following information of current remuneration packages for the Chief Executives of Allied Irish Banks, Bank of Ireland, Permanent TSB, IBRC, National Treasury Management Agency and the National Assets Management Agency:
|
. |
Salary € (‘000) |
Pension €(‘000) |
Other benefits/ remuneration €(‘000) |
Amount Waived |
Total €(‘000) |
|
AIB |
425(1) |
63.75 |
- |
- |
488.75 |
|
Bank of Ireland(2) |
690 |
174 |
34 |
(67)(3) |
831 |
|
IBRC |
500 |
125 |
38 |
- |
663 |
|
Permanent TSB |
400 |
60 |
- |
- |
460(4) |
|
NTMA |
416.5(5) |
-(6) |
28.6(7) |
- |
445.1(8) |
|
NAMA |
365.5(5) |
-(6) |
24.5(7) |
- |
390(8) |
Notes:
1) Current salary of the AIB CEO following a voluntary 15% reduction in September 2012.
2) BoI totals as disclosed in 2011 Annual Report.
3) The voluntary waiver has been extended until 31 December 2012 and the BoI CEO has also foregone some pension benefits.
4) PTSB CEO also received vouched expenses of €52,034 in 2012 to compensate him for costs incurred in relocating to Ireland.
5) The salary amounts relating to the CEO’s of the NTMA and NAMA shown in the table are after the application of a 15% salary reduction.
6) The Public Service Pension Deduction is applied to the Chief Executives of the NTMA and NAMA. They are members of the NTMA defined benefit superannuation scheme and as members of the scheme prior to 1 January 2010 their pension benefits are based on final salary. The pension benefits of members who joined the scheme on or after 1 January 2010 are based on career average earnings. Unlike most public pension schemes which are funded on a pay as you go basis, the NTMA superannuation scheme is a funded scheme. Pension entitlements are within the standard entitlements in the model public sector defined benefit superannuation scheme. Pension contributions are not paid to individual employees – they are paid into the scheme. The level of potential pension payments to members is dependent on length of service, based on final salary or career average earnings, with 1/80th of salary accruing for each year of service.
7) Taxable benefits of NTMA and NAMA CEOs relate to car and health insurance as disclosed in 2011 annual reports.
8) The Chief Executives of the NTMA and NAMA waived any consideration for performance related pay in respect of 2010 and 2011.
206. Deputy Michael McGrath asked the Minister for Finance if he will provide in detail the remuneration package paid including salary, benefits, pension, bonus and incentives, including the potential to establish a bonus and or incentive scheme, and any other non-standard benefits or allowances for the new chief risk officer of Irish Bank Resolution Corporation and if he will confirm when he approved the package. [51231/12]
View answerThe annual report & accounts of IBRC outlines in detail the remuneration of its individual directors and the aggregate compensation details of its key management personnel. Mr Kevin Blake, in his capacity as the Bank’s CRO, is included in key management personnel and therefore details of his individual remuneration package are not disclosed. I have been advised by IBRC that there are no bonus or incentive payments/schemes in place for any of the directors, key management personnel or staff of the Bank. The package was approved on the 11th June as required under the Relationship Framework.
207. Deputy Michael McGrath asked the Minister for Finance if he will provide in detail the remuneration package paid including salary, benefits, pension, bonus and incentives, including the potential to establish a bonus and or incentive scheme, and any other non-standard benefits or allowances for the new chief risk officer of AIB; and if he will confirm when he approved the package. [51232/12]
View answerI am informed by AIB that the terms and conditions of all new staff appointments made by AIB are completed in strict accordance with the various agreements on pay and remuneration between AIB and the Minister for Finance entered into as part of the recapitalisation process of the bank. These agreements include a total remuneration limit of €500,000 annually for an individual, excluding pension payments. AIB has confirmed to me that it is fully compliant with these restrictions and including pension payments the bank does not have any staff member earning in excess of €500,000 per year. Additionally, the Bank does not operate a bonus system for staff and there is no executive incentive scheme in place at the bank. Any relevant disclosures in relation to individual remuneration packages of Senior Executives are contained in the Bank's published accounts. The Minister is not required to approve the remuneration packages of individual appointments prior to appointment.
The Chief Risk Officer’s appointment was approved by the Central Bank on 6 February 2012.
208. Deputy Ciara Conway asked the Minister for Finance if he will provide a detailed breakdown, in tabular form, of expenditure by Revenue on hospitality during the recent Volvo Ocean Race in County Galway, including sums spent on use of sailing craft or boats, travel, accommodation, food, drink, entertainment and other associated costs; if he will specify the persons or groups who benefited from this hospitality and to what end; and if he will make a statement on the matter. [51243/12]
View answerI am advised by the Revenue Commissioners that no expenditure was incurred by Revenue on hospitality during the recent Volvo Ocean Race in Galway.
209. Deputy Denis Naughten asked the Minister for Finance if it is possible under the Credit Institutions (Stabilisation) Act of 2010, which facilitates the permanent interference with rights, including property rights, to reduce the pension rights of retired senior management within the said institutions; and if he will make a statement on the matter. [51257/12]
View answerThe Deputy will appreciate that this is a highly complex legal area involving possible interference with an individual’s constitutional rights. Pensions are generally taken to be deferred income and any action to reduce a pension in payment needs to be comprehensively founded lest it run the risk of being considered an unjust attack by the State on the property rights of individuals affected by the proposed legislation. In a general way, the intent of the Credit Institutions (Stablisalation) Act (CISA) 2010 is to operate its provisions at a system level to permit the imposition of obligations on credit institutions. Accordingly, while individuals may be affected by the operation of CISA, the scope for it being used in the manner the Deputy suggests is severely limited.
210. Deputy Stephen S. Donnelly asked the Minister for Finance the total amount of mortgage debt the Bank of Ireland has surrendered in the Republic of Ireland to date; and if he will make a statement on the matter. [51262/12]
View answerI would like to advise the Deputy that Bank of Ireland have supplied me with the following statement in response to your PQ. Included in the response is an additional disclosure to its Interim accounts, stating that the Group now advises that it recorded an accounting write off amounting to €2.3 million of its impairment provisions in respect of Residential Mortgages in the Republic of Ireland in the six months ended 30 June 2012.
Bank of Ireland Statement:
“The level of disclosure that Bank of Ireland gives on its Irish Residential Mortgage portfolio has been favourably commended by investors and market commentators.
Bank of Ireland gives significant and comprehensive disclosure on its provisioning policies per pages 124-126 of its Annual Report for the year to 31 December 2012. There have been no material changes to these policies since then. Bank of Ireland gives significant and comprehensive disclosure on its asset quality including in connection with Retail Ireland residential mortgages in pages 25-29 of its Interim Report for the 6 months to 30 June 2012 and gives further significant and comprehensive disclosure on its Retail Ireland Residential Mortgage portfolio in pages 107-117 of that Interim Report including that it had formally restructured or modified 15,861 mortgages at that date. The Bank also has a significant number of informal temporary arrangements with customers.
In its Interim Management Statement issued to the Stock Market on 13 November 2012 Bank of Ireland commented on its Irish Residential Mortgage book as follows:
“We continue to actively focus on credit quality and our exposures to the Irish SME sector and our Irish Mortgage book continue to be key priorities. With regard to our Irish Mortgage book, the pace of arrears formation has continued to reduce and we have continued to formally restructure and modify a significant number of customer mortgages on a sustainable basis. 86% of those customers whose mortgages are currently in formal restructure or modification are fully meeting their revised arrangements”.
Bank of Ireland is conscious that this question was also asked at Bank of Ireland’s appearance at the recent meeting of the Oireachtas Committee on Finance, Expenditure and Reform on 1 November 2012 and Bank of Ireland came in for some criticism in relation to its response to that question. Bank of Ireland wishes to put this matter into context.
In such public appearances the Bank wishes to be as open as possible with members of the Committee. It must also, however, be conscious of its responsibilities as a public company to adhere to the disclosure obligations of the various Stock Exchanges where the Bank is listed, including disclosure of matters the Bank considers to be commercially sensitive. On this occasion, as previously, Mr Boucher stressed this responsibility, for the information of Members, in his opening remarks:
“The Bank is a public company that is subject to the listing rules of the Irish, London and New York stock exchanges. The presentation is a public document and is presented under the rules of the aforementioned stock exchanges. All comments I make are governed by the stock exchange disclosure rules.”
The Bank’s appearance before the Committee on 1 November 2012 was prior to it giving a Trading Update to the Stock Exchanges which was released to the markets on 13 November 2012 and on 13 November 2012, in conjunction with its Trading Update, the Bank successfully launched the first public non-Government guaranteed bond issued by an Irish Bank since 2010 raising €1billion in the process. There would be very strict disclosure obligations prior to, at the time of and post events such as these.
Spokespersons for the Bank cannot make incremental accounting disclosures for prior accounting periods unless they are described as being such when being made and have been extensively verified before being made.
Consistent with its accounting policies, the Group only writes off debt once all avenues to recover the loans have been exhausted. In the case of Residential Mortgages in the Republic of Ireland, this happens after the property has been repossessed/sold and all other means of recovering any residual amount owing have been exhausted. As an additional disclosure to its Interim accounts, the Group now advises that it recorded an accounting write off amounting to €2.3 million of its impairment provisions in respect of Residential Mortgages in the Republic of Ireland in the six months ended 30 June 2012.
Bank of Ireland has made several appearances in front of Oireachtas Committees in recent years and has at all times, provided significant information and sought to be helpful and cooperative in such engagements. On the occasion of the previous appearance with the Committee on Finance, Expenditure and Reform in September 2011, members of the Committee were publicly complimentary on the openness and comprehensive nature of the contributions from the Bank.
On the most recent occasion the Bank, once again, welcomed the opportunity to update members of the Committee on progress made by Bank of Ireland on its strategic objectives and to provide as much detail as possible on the Group’s business. In this respect the Bank submitted, in advance, a detailed 31 slide presentation on its business and also responded to a lengthy questionnaire issued by the Committee.
Bank of Ireland is very much conscious of the support provided by the taxpayer, has always acknowledged this, and wished to provide an update on progress to a shareholder representing 15% of the Group’s stock. In his opening remarks Mr Boucher stressed this point at some length: with specific reference to slide 27 in the presentation he said:
“As investors and representatives of the taxpayer, we try to demonstrate [to you] what the taxpayer is getting out of its support for Bank of Ireland. Our first task is to reduce the risk to the taxpayer from support provided by the taxpayer. We believe the capital we have raised, the restructuring and deleveraging, the cost-reduction programmes we have undertaken, the agreement of our EU viability and restructuring plans, and the enhancement of our franchises – including the franchise in the UK, further protected by the extension of the Post Office contract – have been a very important part of reducing the risk to the taxpayer. The most significant contingent liability the taxpayer has is in respect of the eligible liabilities guarantee or ELG. Through a range of initiatives, particularly deleveraging and increasing our deposit franchises, we have reduced the liabilities under the ELG from €136 billion at their peak in September 2008 to €36 billion at the end of June. They will have reduced further since that date. Bank of Ireland notes that the ELG is due to expire on 31 December and we are prepared for that.
The State invested €4.8 billion in cash in Bank of Ireland in the period up to June 2012, and Bank of Ireland returned €2.5 billion in cash to the State in that period.”
The presentation also noted rules governing profit disclosure, forward guidance etc at Page 2.
The issues of disclosure and commercial sensitivity arose on a number of occasions during a lengthy hearing and Mr Boucher attempted to explain that, while wanting to be helpful, he was operating under disclosure obligations that inevitably constrained his ability to respond in full to some questions. At one point in the transcript during an exchange where Mr Boucher was explaining this point he said:
“I apologise if I sound pedantic but I operate under strict rules.”
The Bank understands the frustration expressed by some members of the Committee, in particular in relation to a perceived inconsistency with the position of other witnesses appearing before it. Bank of Ireland cannot speak for other institutions but stresses that it has always been and must continue to be entirely consistent on its obligations as a public company.
The Bank regrets the frustration expressed by members of the Committee in this respect but asks for the Committee’s understanding of the Bank’s public company obligations and the Bank again reiterates its willingness to participate in the public engagement process including with Oireachtas Committees.
The Bank would also ask that any consideration of this matter include a review of the Bank’s presentation and submission as well as the full transcript of a lengthy hearing where, the Bank believes, it attempted to put important and relevant information on the public record and to help the Committee’s deliberations.”
211. Deputy Emmet Stagg asked the Minister for Finance the date on which the 65 year limit for DIRT exemption was introduced; when did the exemption become automatic other than be subject to an application for a refund. [51268/12]
View answer223. Deputy Caoimhghín Ó Caoláin asked the Minister for Finance the date on which the DIRT exemption for those over 65 years of age was introduced; and if he will make a statement on the matter. [51407/12]
View answerI propose to take Questions Nos. 211 and 223 together.
I am informed by the Revenue Commissioners that, from the time Deposit Interest Retention Tax (DIRT) was first introduced in the tax year ended 5 April 1987, where an individual or their spouse was aged over 65, they were exempt from DIRT where their total annual income did not exceed the exemption limit. In such cases the individual was entitled to apply to the Revenue Commissioners for a refund of the DIRT deducted from the deposit interest paid.
In April 2007, this exemption became automatic (i.e., the interest is paid gross by the financial institution) on the submission of a declaration to the financial institution where the account is held. To qualify for the automatic exemption, the individual must declare on form DE1 that they or their spouse or civil partner are aged 65 years or over during the year and—
1. in the case of an individual who is single, his or her total annual income does not exceed the current exemption limit of €18,000, or
2. in the case of an individual who is married or in a civil partnership, the joint total annual income of the individual and his or her spouse or civil partner does not exceed €36,000.
Where the individual’s circumstances change following the submission of this declaration form, they are required to notify the financial institution to that effect.
Where a person’s income exceeds the relevant exemption limit by a small amount, he or she will not be entitled to the exemption but may be entitled to a partial refund of the tax deducted.
212. Deputy Michael Healy-Rae asked the Minister for Finance his views on correspondence (details supplied) regarding credit unions; and if he will make a statement on the matter. [51278/12]
View answer213. Deputy Michael Healy-Rae asked the Minister for Finance with regard to the Credit Union Bill 2012, the requirement of credit unions to have a remuneration committee appears to indicate that the directors of the future will be paid for their service and will impose further costs on credit unions and sound the death knell for voluntarism in the movement; and if he will make a statement on the matter. [51281/12]
View answer214. Deputy Michael Healy-Rae asked the Minister for Finance his views on whether the proposal in the Credit Union Bill 2012 to introduce term limits and overly restrictive conditions on board membership will have huge implications for recruitment of new directors in the future; and if he will make a statement on the matter. [51286/12]
View answer215. Deputy Michael Healy-Rae asked the Minister for Finance his views on whether there are major difficulties surrounding the implementation of the Credit Union Bill 2012 which requires the prior approval of the Central Bank of Ireland of nominees going forward for election to officer position; and if he will make a statement on the matter. [51287/12]
View answer216. Deputy Michael Healy-Rae asked the Minister for Finance his views on whether the restrictions in the Credit Union Bill 2012 on the tenure of the chair as well as the additional responsibility of monitoring their fellow directors will cause serious difficulties for credit unions; and if he will make a statement on the matter. [51288/12]
View answerI propose to take Questions Nos. 212 to 216, inclusive, together.
The Credit Union Bill 2012 is consistent with the Final Report of the Commission on Credit Unions, which was agreed over a nine-month period by all Commission members, including the Irish League of Credit Unions. The Credit Union Bill delivers on over 60 of the recommendations in the Commission Report.
I am aware of the concerns expressed on the provisions of the Bill regarding term limits, the role of treasurer and board membership, notwithstanding that the Bill implements the Commission's agreed recommendations on these issues.
I will reflect on the matters raised during the second stage debate on the Bill, including those raised on behalf of the Irish League of Credit Unions. I look forward to the opportunity to discuss constructive amendments from Deputies at Committee stage.
217. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 210 of 13 November 2012, if he will confirm the gross amount that has been escheated to the State under section 73 of the Succession Act 1965, a description and quantum of costs deducted, and the names of the deceased who have given rise to the €0.28 million net receipts to the Intestate Estates Fund Deposit Account. [51370/12]
View answerGross amounts totalling €0.39 million have been paid into the Intestate Estates Fund Deposit Account in the period covered by the Deputy's question. This sum includes an amount of €0.038 million which was not included in my reply of 13 November 2012. During this period costs amounting to €7,584 were paid out representing advertising and legal costs. An audit fee of €1,551 was also paid to the C & AG. Amounts were also repaid during this period where next of kin came forward.
The Deputy also asked for the names of the deceased who gave rise to these payments. There were a total of 256 deceased. I do not believe that it would be appropriate to publish their names.
218. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 205 of 13 November 2012, if he will confirm if 100% of the transfer of €1.1 billion to the Allied Irish Bank pension fund was required to fund the bank's early retirement and voluntary severance programme; and if not, the quantum required to fund a pre-existing deficit. [51371/12]
View answerAIB has informed me that the transfer of the €1.1bn portfolio of loan assets was made using arm’s length valuations by two independent external parties and was agreed by both the Trustee and the Board of the Bank. There was a very significant discount applied to the nominal value of the €1.1bn loan assets. AIB has not publicly disclosed the discount applied to the loan portfolio on commercial grounds. The full value of the discounted loan portfolio was required to facilitate the early retirement programme. The transfer of these assets to the pension fund was needed in order to facilitate the early retirement component of the voluntary severance program of the bank. The early retirement scheme created a Minimum Funding Standard deficit in the pension fund which was bridged by the transfer of the assets. Had the transfer of assets not taken place, the early retirement component of the voluntary severance could not have proceeded as it would have required a cash contribution from the bank. The voluntary severance scheme in the bank overall is expected to result in annual savings to AIB in excess of €200m which is a critical component of AIB’s return to viability.
This transaction was approved by the Board of the bank’s deleveraging committee which includes non-voting observers from the department of Finance and the Central Bank.
219. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 205 of 13 November 2012, if he will confirm that a €440,000 average payment to the pension fund in respect of each of the 2,500 roles at Allied Irish Bank identified for redundancy was required in order to secure the voluntary redundancy of each of the 2,500. [51372/12]
View answerI have been informed by AIB that the transfer of the €1.1bn portfolio of loan assets was made using arm’s length valuations by two independent external parties and was agreed by both the Trustee and the Board of the Bank. There was a very significant discount to the nominal value of €1.1bn. The transfer of these assets to the pension fund was needed in order to facilitate the early retirement component of the voluntary severance program of the bank. The early retirement scheme created a Minimum Funding Standard deficit in the pension fund which was bridged by the transfer of the assets. Had the transfer of assets not taken place, the early retirement component of the voluntary severance could not have proceeded as it would have required a cash contribution from the bank.
The voluntary severance scheme in the bank overall is expected to result in annual savings to AIB in excess of €200m which is a critical component of AIB’s long term return to viability.
220. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 205 of 13 November 2012, if he will set out the terms offered to the 2,500 employees whose roles have been identified for voluntary redundancy, if he will include the number of weeks redundancy for each week of service; and if there is any cap on the sums payable. [51373/12]
View answerI have been informed by the bank that the terms of its voluntary severance programme agreed up to 31st March 2014 were a severance payment of four week’s pay per year of service including statutory entitlement or, three week’s pay per year of service plus statutory entitlement. The individual staff member, if accepted to leave the organisation under the scheme, is able to choose which option suits their particular circumstances. These payments are subject to a cap of the lesser of two years annualised salary, including all pensionable elements, or €225,000. These terms applied in the United Kingdom also apart from a payment cap of £190,000.
In relation to the Voluntary Early Retirement the scheme was voluntary and open only to staff in the AIB Group Scheme (DB Scheme) that were at least 50 years of age at 31st December 2012 and whose normal retirement date did not occur before this date. Hybrid members of the DB Scheme and members of the AIB Group Defined Contribution scheme were not eligible to apply for early retirement.
221. Deputy Catherine Byrne asked the Minister for Finance if he will outline the current rules in respect of discretionary trust tax; the procedure for compliance with this tax in respect of persons deceased in 2012; and if he will make a statement on the matter. [51376/12]
View answerI am informed by the Revenue Commissioners that in the absence of details of a specific case it is only possible to reply in general terms. The assets in a Discretionary Trust are chargeable to Discretionary Trust Tax when the settlor dies or when the youngest “Principal Object” of the trust attains the age of 21 years. In this context, “Principal Object” is defined as the settlor’s spouse, civil partner, child of a civil partner or child of a pre-deceased child. The assets are chargeable to Discretionary Trust Tax while they remain in a Discretionary Trust.
Discretionary Trust Tax is chargeable as follows:
(i) A once-off 6% charge on the value of the assets in a trust
Where the trust is created during the lifetime of the settlor (assuming there are no Principal Objects under the age of 21 years) the tax becomes chargeable at the date of death of the settlor.
Where there are Principal Objects under the age of 21 years, the tax becomes chargeable on the date on which the youngest of the Objects attains the age of 21 years or, if later, when the administration of the estate has been completed and the extent of the residue has been ascertained.
In the case of a Discretionary Trust created under the terms of the will of the settlor, the tax becomes chargeable when the administration of the estate has been completed and the extent of the residue has been ascertained.
(ii) An annual 1% charge arising on 31 December of each year on the value of the assets of the trust at that date (assuming there are no Principal Objects under the age of 21 years). Where there are Principal Objects under the age of 21 years, the tax becomes chargeable on 31 December in the year in which the youngest of the Objects attains the age of 21 years or, if later, when the administration of the estate has been completed and the extent of the residue has been ascertained. This 1% charge does not apply in a year where 31 December occurs in the twelve months immediately following the date on which the 6% charge arose.
Discretionary Trust Tax returns (Form IT4 for the 6% initial charge and Form IT32 for the 1% annual charge) must be filed together with payment of the tax due, within these time limits:
- For the initial once-off charge; within 4 months of the due date.
- For the annual 1% charge; within 4 months of 31 December of each year.
222. Deputy Gerry Adams asked the Minister for Finance his future plans for the current Central Bank of Ireland headquarters on Dame Street, Dublin, following the announcement that the Central Bank of Ireland plans to complete construction of the planned new headquarters for Anglo Irish bank at North Wall Quay, Dublin and to relocate to the building as its headquarters; and if he will make a statement on the matter. [51396/12]
View answerUnder section 6B of the Central Bank Act 1942, the Central Bank may sell, lease or otherwise dispose of land held by the Bank whenever the Central Bank Commission considers that the land is no longer required for the purpose of enabling the Bank to perform its functions. I would advise the Deputy that I have no function in the matter of accommodation arrangements at the Central Bank.
However, I have been informed by the Central Bank that they own all the buildings they occupy on Dame Street and on College Green and that it will be a number of years before the Central Bank fully vacates these premises. They have also informed me that the possible future use of these premises has not yet been discussed in detail.
224. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 207 of 13 November 2012, in which he stated that included in the Prudential Capital Assessment Review is an estimate of defined benefit deficits under both base and adverse scenarios, if he will set out in respect of Allied Irish Bank, the estimated financial quantum of defined benefit scheme deficits estimated for 2011, 2012, 2013 and 2014 in both the base and adverse scenarios. [51423/12]
View answerI have been informed by the Central Bank of Ireland that it is unable to disclose this information due to the provisions of Section 33AK of the Central Bank Act 1942.
225. Deputy Martin Ferris asked the Minister for Finance if it is still the case that Revenue will only ask for a medical certificate when assessing incapacitated child tax credit claims with a first claim when it is not obvious that the incapacity is of a serious and permanent nature; and if he will make a statement on the matter. [51444/12]
View answer226. Deputy Martin Ferris asked the Minister for Finance his views on whether it is appropriate for Revenue to ask the parents of a Down's Syndrome child who are claiming incapacitated child tax credits to provide medical evidence that their child is incapacitated; and if he will make a statement on the matter. [51445/12]
View answerI propose to take Questions Nos. 225 and 226 together.
On the basis of the information provided; it is possible to answer these questions only in general terms. I am informed by the Revenue Commissioners that requests for documentary supporting evidence is an ongoing feature of their compliance programmes that seek to ensure that only those properly entitled to make a claim for tax credits, reliefs, repayments, etc. do so.
I am further informed by the Revenue Commissioners that options available to an individual who is either unhappy with how Revenue has dealt with his or her case or who disputes a Revenue refusal of a claim are set out in Revenue’s Leaflet CS4 a copy of which may be found at www.revenue.ie.
Finally, if the Deputy has a specific case in mind, he may wish to send the details to Revenue for their consideration.
