Pearse Doherty
Question:178. Deputy Pearse Doherty asked the Minister for Finance the number of persons who have paid the domicile levy and the corresponding amount raised since its introduction by year in tabular form. [9455/16]
View answerTuesday, 17 May 2016
Questions (178, 179)
Pearse Doherty
Question:179. Deputy Pearse Doherty asked the Minister for Finance the revenue that would be raised from the domicile levy were the Irish property value threshold lowered from €5 million to €3 million and the yearly income tax threshold increased from €200,000 to €400,000. [9456/16]
View answerWritten answers
I propose to take Questions Nos. 178 and 179 together.
In respect of 9455/16 the domicile levy was introduced in the Finance Act 2010. The first year for which individuals were required to make returns was the year 2010 and these returns had to be filed by 31 October 2011 or by 15 November 2011 for individuals using Revenue Online Services (ROS).
The table following sets out the number of individuals who filed domicile levy returns in respect of each year since its introduction together with the amount of levy declared in respect of those returns and the amounts that have been paid. Outstanding amounts are subject to ongoing compliance action.
|
Year for which return is made |
Number of individuals |
Amount of domicile levy per filed returns |
Amount of domicile levy paid in relation to returns filed |
|
2010 |
31 |
€3,680,013 |
€3,395,624 |
|
2011 |
29 |
€3,816,152 |
€3,746,797 |
|
2012 |
21 |
€2,672,300 |
€2,427,541 |
|
2013 |
15 |
€1,787,681 |
€1,787,681 |
|
2014 |
12 |
€1,986,858 |
€1,986,858 |
In respect of question 9456/16 I am advised by Revenue that, based on the data available to them from tax returns, there is no basis to estimate the yield or cost to the Exchequer which might arise from re-configuring the Domicile Levy in the manner suggested by the Deputy. In particular, information on the level of property values between €3 million and €5 million and the numbers of cases affected is not available.