Pearse Doherty
Question:68. Deputy Pearse Doherty asked the Minister for Finance the amount of revenue raised per quarter in 2013 from the 3% increase in DIRT tax introduced in budget 2013. [39893/13]
View answerWednesday, 25 September 2013
Questions (68)
Written answers
The Budget change referred to in the question was estimated to yield €50 million in 2013. The yield from Deposit Interest Retention Tax (DIRT) is influenced by a number of factors, such as changes in the level of deposits held in financial institutions and interest rates, as well as budgetary changes in the tax rate. I am informed by the Revenue Commissioners that figures for DIRT tax receipts are not compiled in such a manner as would identify the impact of the Budget 2013 change in the tax rate to be separately identified. The increase in Budget 2013 did not have any effect on the January 2013 DIRT payment, since that related to interest payments in the last quarter of 2012, before the increase took effect.