Dáil Éireann Debate, Wednesday - 4 May 2016
56. Deputy Pearse Doherty asked the Minister for Finance the amount raised from the levies on insurance policies in each of the years 2011 to 2015, in tabular form; if the figures reflect both the gross receipts and the net receipts, less the cost and expenses of the Office of the Revenue Commissioners; and if he will make a statement on the matter. [9033/16]
View answerThe following table sets out the amounts collected in respect of the various types of insurance related levies for the years requested by the Deputy.
The nature of the stamp duty levies are such that the insurance company calculates the levy by reference to the value of the premiums paid on those policies (or in the case of the Health Insurance Levy by reference to the number of persons insured under a policy) which fall within the definition of insurance policy for the purposes of a particular levy. Therefore, there are no gross or net receipts, as the amount to be paid has to represent the company's full liability to the levy for the period. Of course, from time to time errors are made which result in refunds, off-sets and additional payments being made, but it not considered that such adjustments are relevant to the question.
Because Revenue operates its tax collection systems at an integrated customer level it does not measure the cost of collection at individual 'taxhead' level.
|
Description |
2011 |
2012 |
2013 |
2014 |
2015 |
|
|
€m |
€m |
€m |
€m |
€m |
|
Insurance Policies |
2.5 |
1.8 |
2.5 |
2.0 |
2.2 |
|
Non-Life Insurance Levy |
106.4 |
104.2 |
98.7 |
103.4 |
108.0 |
|
Life Assurance Levy |
32.0 |
24.1 |
25.0 |
27.6 |
31.0 |
|
Health Insurance Levy |
347.0 |
436.8 |
172.6 |
-0.2 |
-3.3 |
