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Tax Credits

Dáil Éireann Debate, Wednesday - 30 April 2014

Wednesday, 30 April 2014

Questions (111)

Michael McGrath


111. Deputy Michael McGrath asked the Minister for Finance if the Revenue Commissioners have any discretion on the application of the four year limit on persons claiming tax credits; and if he will make a statement on the matter. [19561/14]

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Written answers (Question to Finance)

Finance Act 2003 introduced a 4 year time limit as regards claims for repayment of tax made on or after 1 January 2005.  In addition, the right of the Revenue Commissioners to raise assessments was also reduced to a four-year period except where, for example, a taxable source of income was not declared.  The scheme of 4 year time limits is designed to achieve the necessary balance between establishing a fair and uniform system for taxpayers, while at the same time, providing the necessary protection for the Exchequer from exposure to claims going back many years.  As the 4 year time limit is set out in statute, the Revenue Commissioners have no discretion in the matter.