Bank Stress Tests

Questions (69)

Michael McGrath

Question:

69. Deputy Michael McGrath asked the Minister for Finance when he expects the 2013 PCAR exercise to commence and be concluded; and if he will make a statement on the matter. [21027/13]

View answer

Written answers (Question to Finance)

The matter is under discussion with the Troika at the present time and a decision has not yet been taken with regard to timing.

Credit Unions Regulation

Questions (70, 71)

Michael McGrath

Question:

70. Deputy Michael McGrath asked the Minister for Finance the number of credit unions subject to lending restrictions; the nature of such restrictions; and if he will make a statement on the matter. [21028/13]

View answer

Michael McGrath

Question:

71. Deputy Michael McGrath asked the Minister for Finance his views on the continuing decline in the total of loans outstanding by credit unions; his views on the way this can be reversed; and if he will make a statement on the matter. [21029/13]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 70 and 71 together.

I have been informed by the Registrar of Credit Unions that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns about the operation of these individual credit unions and the resultant risk to members’ savings. The number of lending restrictions is a reflection of the Registrar of Credit Union’s concerns about lending practices in the sector.

There are currently about 58% of all credit unions subject to lending restrictions. Almost all credit unions with a lending restriction in place have a maximum individual loan size restriction. Of the credit unions with lending restrictions, over 71% can lend €20,000 or more to an individual member, which is a sizeable amount and should cover most circumstances.

Fewer than 2.5% of credit unions are restricted to issuing loans of less than €10,000 to an individual member, and fewer than 1% of credit unions are restricted to issuing loans of less than €5,000 per member. These are the cases where the Registrar of Credit Unions has the more significant concerns in terms of risk to members’ savings. However, the individual credit union lending restrictions currently in place are reviewed on a regular basis to determine whether they are still set at appropriate levels.

The Report of the Commission on Credit Unions sets out the loan to assets ratio of the credit union sector for each year from December 2006 to December 2011. The loan to asset ratio has reduced from 40.81% in December 2011 to 36.33% in December 2012, based on Central Bank Prudential Returns. The Report also states that Irish credit unions appear to be significantly under-lent. This is due in part to the overall reduction in demand for personal loans.

The Credit Union and Co-operation with Overseas Regulators Act 2012 will see the introduction of a flexible regulatory and supervisory framework for credit unions in the form of a tiered regulatory approach. This approach will assist credit unions in determining the business model they wish to adopt and will allow some credit unions to offer a greater range of services while complying with additional regulatory requirements. The Central Bank is to set out more detailed regulations on lending in the context of this tiered approach. However, the need for prudent lending with analysis of all loan applications to ensure a credit union member’s credit worthiness will remain a vital element in safeguarding credit union members’ savings.

Excise Duties Yield

Questions (72)

Patrick Nulty

Question:

72. Deputy Patrick Nulty asked the Minister for Finance if he would provide, in tabular form, the total amount of money raised in excise duties on alcohol in each category of alcohol excise as laid out by the Revenue Commissioners in the document (details supplied) for the years 2009, 2010, 2011, 2012; if he will provide the relevant levels of excise duties on the various forms of alcohol in these years; and if he will make a statement on the matter. [21039/13]

View answer

Written answers (Question to Finance)

The breakdown in excise returns by alcohol in each category from 2009 to 2012 is as follows:

-

2009

2010

2011

2012

Beer

404.3

320.1

307.3

308

Spirits

242.5

218.8

247.3

263.9

Wine

264.1

243.5

231

231.4

Cider

57.2

44

43.9

42.8

-

968.1

826.4

829.5

846.1

The level of excise duties on the various forms of alcohol is set out in the tables below:

Effective from 15 October 2008

Goods

Description or Usage

Rate of Duty €

Spirits

€39.25 per litre

of alcohol in the spirits

Beer

Exceeding 0.5% vol but not exceeding 1.2% vol

€0.00

-

Exceeding 1.2% vol but not exceeding 2.8% vol

€9.93 per hectolitre

per cent of alcohol

in the beer

-

Exceeding 2.8% vol

€19.87 per hectolitre

per cent of alcohol

in the beer

Wine

Still and sparkling, not exceeding 5.5% vol

€109.34 per hectolitre

-

Still, exceeding 5.5% vol but not exceeding 15% vol

€328.09 per hectolitre

-

Still, exceeding 15% vol

€476.06 per hectolitre

-

Sparkling, not exceeding 5.5% volume

€656.18 per hectolitre

Other Fermented Beverages:

(1) Cider and Perry

Still and sparkling, not exceeding 2.8% vol

€41.62 per hectolitre

-

Still and sparkling, exceeding 2.8% volume but not exceeding 6.0% volume

€83.25 per hectolitre

-

Still and sparkling, exceeding 6.0% vol but not exceeding 8.5% vol

€192.47 per hectolitre

-

Still, exceeding 8.5% vol

€273.00 per hectolitre

-

Sparkling, exceeding 8.5% vol

€546.01 per hectolitre

Other Fermented Beverages:

(2) Other than Cider and Perry

Still and sparkling, not exceeding 5.5% vol

€109.34 per hectolitre

-

Still, exceeding 5.5% vol

€328.09 per hectolitre

-

Sparkling, exceeding 5.5% vol

€656.18 per hectolitre

Intermediate Beverages

Still, not exceeding 15% vol

€328.09 per hectolitre

-

Still, exceeding 15% vol

€476.06 per hectolitre

-

Sparkling

€656.18 per hectolitre

Effective from 10 December 2009

Goods

Description or Usage

Rate of Duty €

Spirits

-

€31.13 per litre of alcohol

in the spirits

Beer

Exceeding 0.5% vol but not exceeding 1.2% vol

€0.00

-

Exceeding 1.2% vol but not exceeding 2.8% vol

€7.85 per hectolitre per cent

of alcohol in the beer

-

Exceeding 2.8% vol

€15.71 per hectolitre per cent

of alcohol in the beer

Wine

Still and sparkling, not exceeding 5.5% vol

€87.39 per hectolitre

-

Still, exceeding 5.5% vol but not exceeding 15% vol

€262.24 per hectolitre

-

Still, exceeding 15% vol

€380.52 per hectolitre

-

Sparkling, not exceeding 5.5% volume

€524.48 per hectolitre

Other Fermented Beverages:

(1) Cider and Perry

Still and sparkling, not exceeding 2.8% vol

€32.93 per hectolitre

-

Still and sparkling, exceeding 2.8% volume but not exceeding 6.0% volume

€65.86 per hectolitre

-

Still and sparkling, exceeding 6.0% vol but not exceeding 8.5% vol

€152.28 per hectolitre

-

Still, exceeding 8.5% vol

€216.00 per hectolitre

-

Sparkling, exceeding 8.5% vol

€432.01 per hectolitre

Other Fermented Beverages:

(2) Other than Cider and Perry

Still and sparkling, not exceeding 5.5% vol

€87.39 per hectolitre

-

Still, exceeding 5.5% vol

€262.24 per hectolitre

-

Sparkling, exceeding 5.5% vol

€524.48 per hectolitre

Intermediate Beverages

Still, not exceeding 15% vol

€262.24 per hectolitre

-

Still, exceeding 15% vol

€380.52 per hectolitre

-

Sparkling

€524.48 per hectolitre

Effective from 6 Dec 2012

Goods

Description or Usage

Rate of Duty €

Spirits

€36.85 per litre of alcohol

in the spirits

Beer

Exceeding 0.5% volume but not exceeding 1.2% volume

€0.00

-

Exceeding 1.2% volume but not exceeding 2.8% volume

€9.56 per hectolitre per cent

of alcohol in the beer

-

Exceeding 2.8% volume

€19.13 per hectolitre per cent

of alcohol in the beer

Wine

Still, exceeding 5.5% volume but not exceeding 15% volume

€123.51 per hectolitre

-

Still, exceeding 15% volume

€370.64 per hectolitre

-

Sparkling, exceeding 5.5% volume

€537.81 per hectolitre

-

Still and sparkling, not exceeding 2.8% volume

€741.28 per hectolitre

Other Fermented Beverages:

(1) Cider and Perry

Still and sparkling, not exceeding 2.8% volume

€40.08 per hectolitre

-

Still and sparkling, exceeding 2.8% volume but not exceeding 6% volume

€80.16 per hectolitre

-

Still and sparkling, exceeding 6.0% volume but not exceeding 8.5% volume

€185.36 per hectolitre

-

Still, exceeding 8.5% volume

€262.92 per hectolitre

-

Sparkling, exceeding 8.5% volume

€525.85 per hectolitre

Other Fermented Beverages:

(2) Other than Cider and Perry

Still and sparkling, not exceeding 5.5% volume

€123.51 per hectolitre

-

Still, exceeding 5.5% volume

€370.64 per hectolitre

-

Sparkling, exceeding 5.5% volume

€741.28 per hectolitre

Intermediate Beverages

Still, not exceeding 15% volume

€370.64 per hectolitre

-

Still, exceeding 15% volume

€537.81 per hectolitre

-

Sparkling

€741.28 per hectolitre

Income Statistics

Questions (73)

Róisín Shortall

Question:

73. Deputy Róisín Shortall asked the Minister for Finance if he will set out the latest estimates available to the Revenue Commissioners for the tax years 2007, 2008, 2009, 2010, 2011 and 2012 of the total number of taxpayers in each of the following bands (details supplied); the latest estimate of the total income for each of those bands; and the latest estimate of the total tax paid for each of those income bands. [21043/13]

View answer

Written answers (Question to Finance)

I am advised by the Revenue Commissioners that the available historical data on the distribution of incomes by income ranges has been published for the tax years 2007, 2008, 2009 and 2010 in their Statistical Reports for 2009, 2010 and 2011 respectively and is available on the Revenue website at www.revenue.ie. The data is available in tables IDS1 to IDS 18 of the Income Distribution Statistics section of those reports.

In addition, using projected income levels and numbers of income earners, the Revenue Commissioners have updated their incomes data for the income tax years 2011 and 2012 years using an income tax model maintained for the purpose of estimating the Exchequer effect of budgetary changes to the income tax system. This data is provisional and likely to be revised. On this basis the tabulated information for income tax years 2011 and 2012 is as set out in the following tables.

All Income earners for Income Tax Year 2011 (provisional)

Gross Income Range

Gross Income

Numbers

Income Tax

0 - 5,000

501,165,330

232,352

0

5,001 - 10,000

1,276,313,598

170,496

510,487

10,001 - 15,000

2,382,957,151

190,276

6,062,671

15,001 - 20,000

3,599,452,885

204,855

37,666,000

20,001 - 30,000

9,718,439,000

391,848

374,114,703

30,000 - 40,000

10,454,366,018

300,396

773,144,897

40,001 -,50,000

9,092,446,317

203,632

1,027,785,257

50,001 - 60,000

7,298,420,282

133,560

1,027,593,592

60,001 - 70,000

5,930,222,519

91,630

933,905,560

70,001 - 80000

4,867,297,059

65,196

846,469,154

80,001 - 90,000

3,732,971,284

44,077

711,751,084

90,001 - 100,000

2,932,185,331

30,962

598,013,530

100,001 - 125,000

4,907,889,050

44,264

1,088,290,802

125,001 - 150,000

2,777,783,022

20,413

670,957,157

150001 - 175,000

1,780,883,277

11,037

455,775,468

175,001- 200,000

1,265,675,475

6,782

328,264,123

200,001 - 250,000

1,689,458,876

7,589

445,713,644

250,001 - 300,000

1,112,095,710

4,077

304,526,480

300,001 - 350,000

770,320,308

2,388

213,607,935

350,001 - 400,000

588,954,807

1,577

166,135,883

400,001 - 450,000

456,142,952

1,077

129,245,179

450,001 - 500,000

362,366,769

764

105,855,513

500,001 - 750,000

1,165,679,847

1,949

339,143,430

750,001 - 1,000,000

604,987,202

710

177,376,892

1,000,001 - 2,000,000

780,366,808

594

211,197,543

Over 2,000,000

538,797,236

129

150,257,857

Overall Total

80,587,638,117

2,162,628

11,123,364,844

All Income earners for Income Tax Year 2012 (provisional)

Gross Income Range

Gross Income

Numbers

Income Tax

0 - 5,000

498,244,792

230,907

0

5,001 - 10,000

1,266,800,708

169,218

526,693

10,001 - 15,000

2,364,429,313

188,770

6,111,749

15,001 - 20,000

3,570,761,415

203,218

37,898,824

20,001 - 30,000

9,677,011,170

390,082

373,852,252

30,000 - 40,000

10,422,708,176

299,435

773,585,815

40,001 -,50,000

9,100,605,135

203,817

1,031,079,033

50,001 - 60,000

7,320,079,368

133,954

1,033,634,792

60,001 - 70,000

5,946,423,166

91,874

938,256,177

70,001 - 80000

4,890,534,371

65,498

852,326,864

80,001 - 90,000

3,753,537,238

44,320

716,736,223

90,001 - 100,000

2,952,818,093

31,184

602,451,204

100,001 - 125,000

4,958,882,409

44,727

1,100,474,968

125,001 - 150,000

2,812,577,081

20,668

679,384,676

150001 - 175,000

1,804,234,878

11,178

461,654,512

175,001- 200,000

1,265,178,431

6,781

329,383,316

200,001 - 250,000

1,715,050,128

7,710

451,520,693

250,001 - 300,000

1,127,797,724

4,137

308,245,659

300,001 - 350,000

783,590,011

2,430

217,104,001

350,001 - 400,000

589,612,772

1,580

167,276,002

400,001 - 450,000

466,446,448

1,103

131,950,776

450,001 - 500,000

377,265,276

796

109,520,759

500,001 - 750,000

1,184,595,453

1,978

345,381,838

750,001 - 1,000,000

608,500,277

714

177,583,858

1,000,001 - 2,000,000

815,432,431

621

222,175,481

Over 2,000,000

545,004,074

130

151,736,551

Overall Total

80,818,120,338

2,156,830

11,219,852,715

It should be noted that the income ranges shown in the above table relate to Gross Income as defined in Revenue Statistical Reports.

The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. These are, therefore, provisional and likely to be revised.

It should also be noted that a married couple which has elected or has been deemed to have elected joint assessment is counted as one tax unit.

Tax Yield

Questions (74)

Dessie Ellis

Question:

74. Deputy Dessie Ellis asked the Minister for Finance if he will provide the tax take broken down by county or bailiwick for income tax PAYE and non-PAYE, VAT, corporation tax and capital gains tax for the years 2000, 2007 and 2011. [21046/13]

View answer

Written answers (Question to Finance)

I am informed by the Revenue Commissioners that the relevant information available on a geographical basis is an estimated breakdown of the net receipt from PAYE, VAT (Internal), Corporation Tax, Income Tax (non-PAYE) and Capital Gains Tax on the basis of "bailiwick" (meaning the jurisdiction or boundaries within which. Revenue Sheriffs, County Registrars or their officers operate for the purposes of enforcement of tax debt). It equates geographically with "county" while also providing separate breakdowns for "city" and "county" in the case of counties Dublin and Cork. The figures for these bailiwicks have been amalgamated to merge the results for city and county in each case. The available information for the years requested is shown in the following tables.

In considering the data it should be noted that the amount of tax attributed to a county may not necessarily be an indication of economic activity in that county for any of the following reasons:

1. The liability of a trader to VAT is generally dealt with by reference to the location of the trader’s registered office even though the economic activity may be carried on in another county.

2. An employer’s liability for PAYE is normally attributed to the county in which wages and salaries are paid, even though the employees may work in different counties.

3. Companies are associated on the tax record with the county address of the head-office or branch with which contact is established for tax purposes, which may be different to the city or county addresses of other branches. The distribution of corporate tax between regions can also vary from year to year as companies relocate.

4. Self-employed persons are associated on the tax record with the address at which the business is located, which may be in a different county to the home address.

Estimated breakdown of tax collection by county for 2000

County

Income Tax PAYE

Income Tax non-PAYE

VAT (domestic)

Corporation tax

Capital Gains tax

-

€m

€m

€m

€m

€m

Carlow

17.24

8.70

32.07

15.12

5.55

Cavan

30.35

12.28

44.44

10.68

1.80

Clare

46.84

17.78

62.80

48.66

18.04

Donegal

54.79

20.85

68.44

17.62

8.23

Galway

447.71

38.78

165.80

70.80

32.20

Kerry

52.72

28.38

75.93

23.17

12.27

Kildare

176.27

39.73

144.28

201.95

45.44

Kilkenny

115.98

17.80

55.04

13.76

7.06

Laois

15.16

10.11

31.21

5.42

4.19

Leitrim

18.97

4.32

10.27

1.38

0.61

Limerick

137.37

44.67

176.51

69.47

16.41

Longford

23.06

5.19

15.74

3.62

2.55

Louth

95.70

16.93

133.96

49.42

8.16

Mayo

56.33

19.29

65.87

42.61

8.99

Meath

83.07

35.01

96.98

20.68

29.62

Monaghan

29.92

8.13

37.99

9.52

1.10

Offaly

123.69

11.48

37.69

10.73

5.08

Roscommon

31.21

8.46

28.25

6.86

3.81

Sligo

48.48

8.25

27.17

6.76

11.31

Tipperary

104.28

34.18

97.41

90.60

10.40

Waterford

153.75

21.19

65.37

37.65

9.68

Westmeath

474.18

13.62

57.33

21.32

23.78

Wexford

65.45

28.86

89.61

31.02

16.38

Wicklow

77.29

32.80

87.22

86.47

31.02

Dublin

4082.91

1366.67

3903.35

2563.33

396.27

Cork

448.95

110.73

494.96

323.08

52.15

Other/foreign

81.11

67.33

287.44

103.71

11.16

Totals

7092.76

2031.47

6393.13

3885.40

773.27

Estimated breakdown of tax collection by county for 2007

County

Income Tax PAYE

Income Tax non-PAYE

VAT (domestic)

Corporation tax

Capital Gains tax

-

€m

€m

€m

€m

€m

Carlow

73.08

36.12

87.51

16.42

37.83

Cavan

101.68

33.69

131.99

57.67

31.61

Clare

166.97

60.77

127.24

117.23

47.58

Donegal

95.40

66.85

161.45

31.40

65.39

Galway

467.61

178.59

396.05

122.99

154.17

Kerry

358.58

92.97

186.27

38.06

49.55

Kildare

312.48

149.85

434.99

185.95

170.40

Kilkenny

172.43

60.71

139.84

25.99

31.31

Laois

48.62

39.03

91.67

14.15

34.49

Leitrim

75.88

12.57

27.76

4.03

5.66

Limerick

347.77

116.94

309.59

157.98

75.52

Longford

34.76

17.29

40.65

14.89

15.26

Louth

139.67

56.11

246.44

85.07

77.31

Mayo

114.31

68.93

169.67

45.82

41.53

Meath

208.56

136.43

270.96

120.73

133.57

Monaghan

50.36

26.85

85.19

17.12

20.44

Offaly

125.20

40.77

98.32

23.85

30.07

Roscommon

35.95

27.54

72.63

10.19

19.24

Sligo

104.73

30.92

62.91

26.76

28.95

Tipperary

138.26

100.34

212.19

106.73

49.17

Waterford

149.43

73.72

146.49

63.45

49.56

Westmeath

525.22

52.05

150.02

27.36

58.56

Wexford

127.12

96.75

201.58

54.71

97.96

Wicklow

156.25

118.31

196.84

71.64

110.45

Dublin

5,073.30

1,324.67

7,162.40

4,169.33

1,282.51

Cork

829.03

369.26

1082.87

573.90

275.81

Other/foreign

121.83

38.96

684.95

209.98

103.48

Totals

10,154.51

3,427.00

12,978.49

6,393.39

3,097.38

Estimated breakdown of tax collection by county for 2011

County

Income Tax PAYE*

Income Tax non-PAYE*

VAT (domestic)

Corporation tax

Capital Gains tax

-

€m

€m

€m

€m

€m

Carlow

70.44

20.16

48.38

3.30

2.96

Cavan

99.02

22.07

59.83

8.35

1.61

Clare

184.20

38.20

84.79

93.11

7.98

Donegal

91.83

40.52

89.36

13.59

4.55

Galway

485.56

107.76

207.05

66.04

16.81

Kerry

417.53

63.87

108.78

31.97

15.62

Kildare

321.84

86.09

268.23

44.50

17.71

Kilkenny

174.18

42.85

71.47

15.14

6.89

Laois

34.52

23.28

47.83

3.25

2.09

Leitrim

91.85

7.89

16.32

3.22

0.91

Limerick

335.24

84.67

159.28

132.45

8.91

Longford

30.73

11.53

17.57

4.14

2.50

Louth

158.12

35.55

143.47

14.57

5.12

Mayo

118.72

41.18

105.97

22.54

8.22

Meath

218.50

78.98

152.45

46.48

16.24

Monaghan

50.63

18.15

46.47

8.77

4.92

Offaly

173.11

23.98

56.80

6.76

4.77

Roscommon

31.22

18.78

35.68

3.46

1.84

Sligo

86.70

23.94

35.58

40.82

2.20

Tipperary

130.00

71.32

124.74

26.63

9.53

Waterford

155.20

49.84

83.45

28.36

3.43

Westmeath

677.19

43.90

64.24

11.99

10.76

Wexford

110.15

55.80

103.17

25.17

6.63

Wicklow

173.11

72.39

140.19

23.08

20.36

Dublin

5815.31

1078.26

5122.26

2046.49

194.73

Cork

962.70

270.74

843.62

721.88

32.76

Other/foreign

148.42

35.29

426.63

53.97

5.95

Totals

11346.00

2467.00

8663.60

3500.00

416.00

* Figures include Income Levy and USC

Figures in the tables are rounded and any apparent discrepancies are due to this.

Tax Collection

Questions (75)

Bernard Durkan

Question:

75. Deputy Bernard J. Durkan asked the Minister for Finance if and when it might be possible for the Revenue Commissioners to reach conclusion in respect of liability for income tax, pending and or due in the case of a person (details supplied) in County Kildare; and if he will make a statement on the matter. [21068/13]

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Written answers (Question to Finance)

This is a matter for the Revenue Commissioners. Firstly, I would like to briefly comment on Revenue’s approach to tax collection and in particular its overall compliance and debt management approach.

Revenue has a strong focus on making sure that every individual and business complies with the responsibility to pay the right amount of tax or duty including interest and penalties, which are due, in full and on time. That is an appropriate and correct focus for Revenue and one that I fully endorse. Delays in the collection of tax revenues properly due, adds to the level of Government borrowing and public debt interest and confers an unfair competitive advantage on non-compliant businesses. Remedying late or non compliance is preferably achieved through engagement with the business or taxpayer, but when that engagement is only partially forthcoming, or perhaps not at all, then Revenue has no option but to utilise measures such as the charging and collection of interest or the deployment of effective enforcement measures to secure payment of the tax debt and to encourage future voluntary timely compliance.

In regard to the case to which the Deputy has referred, I am informed by Revenue that the Collector-General’s office has tried unsuccessfully to engage with the person in question on a number of occasions about his outstanding tax debts, much of which was identified during a Revenue audit. While the person did previously commit to sell a foreign property to meet his tax debts unfortunately no progress was made in this regard, nor has there been any further meaningful engagement from the person. As a consequence Revenue was left with no alternative but to refer the outstanding tax for enforcement.

To date the person in question has refused to engage with the enforcement agents nor has he given any instruction to his own tax advisor in this regard. Given the complete lack of engagement Revenue has no option but to continue with enforcement proceedings to secure payment of the outstanding tax. I would recommend that the person or his advisor immediately contact the enforcement agents to bring matters to a conclusion and prevent further escalation.

Finally, from the Deputy’s representation it seems that the person in question has ceased trading with effect from 4 May 2012. That being the case the person should contact Revenue to cease the relevant registration numbers, which are currently generating tax estimates and inflating the outstanding debt.

Tax Credits

Questions (76)

Éamon Ó Cuív

Question:

76. Deputy Éamon Ó Cuív asked the Minister for Finance the reason participants on the TÚS scheme are not entitled to the job assist tax credit; the legal basis for this decision; the reason for same; and if he will make a statement on the matter. [21083/13]

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Written answers (Question to Finance)

Sections 472A and 88A of the Taxes Consolidation Act 1997 provide tax incentives for both employees and employers, to help the long-term unemployed to return to employment. The relief under Section 472A, commonly known as the Revenue Job Assist scheme, allows qualifying employees, in addition to their normal tax credits, to claim certain income deductions, including additional deductions for qualifying children, for the three year period after taking up employment.

Section 88A provides an associated tax incentive for employers. Employers are entitled to claim a double deduction in computing the profits of the trade or profession in respect of the first 3 years wages paid to qualifying employees. This double deduction may also be claimed in respect of the employers PRSI contribution on such wages.

In order to qualify for the Revenue Job Assist scheme, an individual must be unemployed for at least 12 continuous months prior to the date of commencement of the employment. They must also be in receipt of certain payments from the Department of Social Protection or signing for PRSI credits. Time spent on certain FÁS courses and employment schemes, as well as time spent in prison can count towards the ‘unemployed for 12 months’ condition. The employer must not have made any staff redundant in the 26 weeks prior to the recruitment and must offer a job for a minimum of 30 hours per week with a contract for at least 12 months.

As placements on the Tús scheme, which is administered by the Department of Social Protection, are for 19.5 hours per week, they do not qualify for the Revenue Job Assist scheme.

I should point out that as announced in the Action Plan for Jobs 2013, the Revenue Job Assist scheme and the Employer (Job) PRSI Incentive scheme are due to be replaced by the JobsPlus initiative which will be administered by the Department of Social Protection.

Public Sector Pensions Expenditure

Questions (77)

Mary Lou McDonald

Question:

77. Deputy Mary Lou McDonald asked the Minister for Finance if he will provide in tabular form information on lump sum payments (details supplied) paid to retiring public sector workers between March 2011 and March 2013. [21591/13]

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Written answers (Question to Finance)

The Department of Public Expenditure and Reform have advised my Department that the information sought by the Deputy in respect of my Department will be supplied by their Minister to the Deputy. I am only responding on behalf of the Revenue Commissioners. The Revenue Commissioners have provided my Department with the information in the table set out below in response to the Deputy’s question:

Table: Pension Lump Payments* from 1 March 2011 to 31 March 2013

Number Paid

0 to 10,000

38

10,001 to 20,000

44

20,001 to 30,000

34

30,001 to 40,000

37

40,001 to 50,000

28

50,001 to 60,000

31

60,001 to 70,000

47

70,001 to 80,000

54

80,001 to 90,000

68

90,001 to 100,000

39

100,001 to 150,000

114

150,001 to 200,000

22

200,001 to 250,000

2

over 250,000

1

Total

559

The Revenue Commissioners would like to point out that the above table includes payments in respect of the Incentivised Scheme for Early Retirement (ISER) and preserved pensions, but it does not include death gratuities.