Wednesday, 9 October 2013

Questions (66, 67)

Pearse Doherty

Question:

66. Deputy Pearse Doherty asked the Minister for Finance the income tax receipts, excluding DIRT, for each month since 2007. [42657/13]

View answer

Pearse Doherty

Question:

67. Deputy Pearse Doherty asked the Minister for Finance the levels of receipts for DIRT for each month since 2007. [42658/13]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 66 and 67 together.

The Deputy may wish to know that aggregate outturn and profile data on income tax and the other main taxation categories is published in the Statistics Databank on the Department of Finance website and is available at http://databank.finance.gov.ie/

Monthly data on Deposit Interest Retention Tax receipts since 2007 is as follows.

Monthly DIRT Receipts €m

-

2007

2008

2009

2010

2011

2012

2013

January

115.2

172.8

152.4

121.1

111.3

140.7

139.6

February

1.1

3.2

16.3

1.5

3.4

0.5

1.3

March

2.2

0.0

0.1

0.2

0.3

0.1

0.1

April

0.2

-0.3

0.0

0.0

117.4

160.9

147.1

May

0.4

-0.1

0.0

0.0

6.1

0.1

0.1

June

-0.2

-0.1

0.0

0.0

0.0

0.0

0.0

July

-0.4

-0.1

0.0

0.0

114.7

143.4

111.4

August

-0.1

-0.1

0.0

0.0

0.3

0.1

0.0

September

0.0

-0.1

0.0

0.0

0.0

0.0

0.0

October

351.3

446.9

437.2

321.7

116.7

133.9

-

November

0.2

30.4

6.8

0.2

2.7

0.1

-

December

1.9

1.2

1.4

0.9

0.4

0.8

-

Annual Total

471.8

653.8

614.1

445.7

473.3

580.6

399.6

Source: Revenue Commissioners

The negative figures that are displayed for some of the months of 2007 and 2008 reflect refunds of DIRT in appropriate circumstances. Section 34 of the Finance Act 2007 introduced a new scheme to allow the operation of DIRT exempt savings accounts where a qualifying individual, or an individual’s spouse or civil partner, is aged 65 or over during the tax year and, the individual’s income (or the joint income of the individual and his or her spouse or civil partner) is below the relevant annual exemption limit. This measure would have obviated the need for refund applications to Revenue over subsequent years.