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Tuesday, 19 Jul 2016

Written Answers Nos. 157 - 171

NAMA Staff Remuneration

Questions (157, 159)

Michael McGrath

Question:

157. Deputy Michael McGrath asked the Minister for Finance the status of the cost of the National Asset Management Agency's scheme to make retention payments to staff who remain with it; the total amount paid to date; the amount each staff member will be paid; the reason he agreed to the scheme; his views on whether the payments are justified; and if he will make a statement on the matter. [21920/16]

View answer

Michael McGrath

Question:

159. Deputy Michael McGrath asked the Minister for Finance the number of staff employed by the National Asset Management Agency in each of the years 2010 to 2016 to date; and if he will make a statement on the matter. [21922/16]

View answer

Written answers

I propose to take Questions Nos. 157 and 159 together.

The information sought by the Deputy, regarding the cost of NAMA's retention scheme, is set out in aggregate detail in NAMA's Annual Report and Financial Statements for 2015 on page 103. This is available on the NAMA website, www.nama.ie.  NAMA does not make retention payments to staff whilst they remain in its employment.  Retention payments are only made where staff are departing the organisation under the Agency's redundancy programme.  The retention payment for individual staff is dependent on NAMA achieving its targets and on satisfactory individual performance ratings. Redundancy dates are pre-agreed with staff as part of NAMA's wind down strategy and payment will only be made when and if the staff member leaves the organisation on the pre-agreed date.

All NAMA officers are employees of the NTMA and are assigned to NAMA by the NTMA. These staff have a diverse range of skills and experience from the disciplines of banking, finance, law property, insolvency and planning, among others. The number of staff which are assigned to NAMA by the NTMA is outlined in the Annual Reports and Financial Statements published by the Agency. This includes 50 employees who exited the Agency as part of the Voluntary Redundancy Programme.

As set out in my Department's Section 227 Review of NAMA in July 2014, the ability of NAMA to obtain the best achievable financial return for the State is heavily dependent on its retention of expertise. That view has been strongly endorsed by the NAMA Board. Given that, I agreed with the NAMA Board in the context of NAMA's accelerated senior debt redemption target and its ancillary residential and commercial development funding activities, that a redundancy programme reflecting public sector norms and also comprising a retention payment element would be introduced to enable NAMA retain key staff.

Staffing Numbers 2010 - End June 2016

Year

Staff Numbers

2010

103

2011

193

2012

224

2013

331

2014

369

2015

341

End June 2016

303

State Claims Agency

Questions (158)

Michael McGrath

Question:

158. Deputy Michael McGrath asked the Minister for Finance the amount the State Claims Agency paid in legal costs to solicitors representing it and acting for plaintiffs in 2013 to 2015; the top ten payments made to named legal firms representing it and representing plaintiffs in 2015; and if he will make a statement on the matter. [21921/16]

View answer

Written answers

As the Deputy will be aware, the NTMA is designated as the State Claims Agency (SCA) when performing the claims management and risk management functions designated to it under the National Treasury Management Acts.

In answer to the Deputy's question I refer to the material provided by the State Claims Agency and which is outlined as follows. The material provided by the State Claims Agency covers the legal costs paid during the period 2013 to 2015, and the top ten payments to legal firms during 2015.

The Deputy should note the following in respect of the material:

- All figures are based on payments made within a transactional year.

- All figures are inclusive of VAT.

- Figures are correct as of 14/07/2016.  

1. Amount the State Claims Agency paid in legal costs to solicitors representing SCA in 2013 to 2015

- Figures included in table 1 relate to Agency solicitors' fees paid in transaction years 2013, 2014, 2015.

Table 1.

Year

Agency solicitor costs - (€)

2013

12,271,052

2014

12,606,736

2015

13,556,519

Total

38,434,308

* Attention is drawn to the fact that the SCA amended its reporting methodology, at end of Q1 2016, to now recognise transactions on payment date as opposed to transaction date. This adjustment relates to 2014/15 figures only.

2. Amount the State Claims Agency paid in legal costs to solicitors acting for plaintiffs in 2013 to 2015

- The level of legal costs paid to plaintiffs' legal representatives is carefully reviewed and, wherever possible and by means of negotiations, the SCA seeks to achieve the maximum possible reduction in legal costs. If the SCA cannot successfully agree the level of legal costs to be paid to plaintiffs' legal representatives, the matter is determined by a Taxing Master.

- Plaintiff legal costs relate to the payment made to the Plaintiff's legal team i.e. Solicitors and Counsel and are also inclusive of expert fees which are discharged by the Plaintiff's solicitor. These expert fees may relate to actuarial, engineering, medical, witness fees etc.

- Figures included in table 2 below include Plaintiff legal costs paid by the SCA in 2013, 2014, 2015.

Table 2

Year

Plaintiff legal costs - (€)

2013

24,314,354

2014

29,753,531

2015

32,817,357

Total

86,885,242

* Attention is drawn to the fact that the SCA amended its reporting methodology, at end of Q1 2016, to now recognise transactions on payment date as opposed to transaction date. This adjustment relates to 2014/15 figures only.  

3. Top ten payments made to named legal firms representing SCA in 2015

- A number of solicitors act on behalf of the agency in defence of clinical negligence and general negligence cases.

- Figures included in table 3 below relate to the top 10 total amounts paid to Agency solicitors acting on behalf of the SCA in 2015.

- The figures shown are the total amount of all transactions paid to each solicitor firm within the transactional year.

Table 3

Top 10 payments to Agency solicitors in 2015

Solicitor

Total Paid - (€)

Hayes Solicitors

€2,520,016

Mason Hayes & Curran

€1,744,681

Ronan Daly Jermyn

€1,740,037

A&L Goodbody

€1,500,751

Comyn Kelleher Tobin

€1,348,424

Arthur Cox

€1,201,533

Doyle Solicitors

€1,170,375

DAC Beachroft

€522,652

Good & Murray Smith

€343,989

Harrison O'Dowd

€296,385

* Attention is drawn to the fact that the SCA amended its reporting methodology, at end of Q1 2016, to now recognise transactions on payment date as opposed to transaction date. This adjustment relates to 2014/15 figures only.  

4. Top ten payments made to named legal firms representing plaintiffs in 2015

- Plaintiff legal costs relate to the payment made to the Plaintiff's legal team i.e. Solicitors and Counsel and are also inclusive of expert fees which are discharged by the Plaintiff's solicitor. These expert fees may relate to actuarial, engineering, medical, witness fees etc.

- Figures included in table 4 below relate to Plaintiff legal costs and it highlights the top 10 total amounts paid to plaintiff legal firms by the SCA in 2015.

- The figures shown are the total amount of all transactions paid to each legal firm within the transactional year.

Table 4

Top 10 total payments to plaintiff legal firms in 2015

Legal firm

Total Paid - (€)

Augustus Cullen Law

€4,861,166

Callan Tansey Solicitors

€2,058,555

Ernest J. Cantillon Solicitors

€1,825,625

Joseph S. Cuddigan & Company Solicitors

€850,497

M. M. Halley & Son Solicitors

€829,583

Cian O'Carroll Solicitors

€773,767

F.H. O'Reilly & Co. Solicitors

€694,604

McCarthy & McCarthy

€576,994

O'Shea, White & Co.

€515,663

Lavelle Solicitors

€506,206

* Attention is drawn to the fact that the SCA amended its reporting methodology, at end of Q1 2016, to now recognise transactions on payment date as opposed to transaction date. This adjustment relates to 2014/15 figures only.

Question No. 159 answered with Question No. 157.

Tax Code

Questions (160, 161)

Niall Collins

Question:

160. Deputy Niall Collins asked the Minister for Finance the cost of extending to the self-employed an earned income tax credit equivalent to the PAYE tax credit; and if he will make a statement on the matter. [21995/16]

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Niall Collins

Question:

161. Deputy Niall Collins asked the Minister for Finance the cost of introducing an earned income tax credit for self-employed persons of €1,100 and €1,650 per annum; and if he will make a statement on the matter. [21996/16]

View answer

Written answers

I propose to take Questions Nos. 160 and 161 together.

I am advised by the Revenue Commissioners that a Pre-Budget 2017 Ready Reckoner is available on the revenue statistics webpage at www.revenue.ie/en/about/statistics/index.html.  In relation to the Deputy's questions, this Ready Reckoner shows a wide range of detailed information including, on Page 6, the estimated cost to the Exchequer of changes to the earned income tax credit.

I note that the Deputy asked a similar question in relation to the earned income credit earlier this month and in my response on 6 July I also directed him to the Ready Reckoner. At that time the Ready Reckoner figures were based on estimates for 2016 incomes using data for the year 2013. I have been advised Revenue Commissioners that the Ready Reckoner data has since been moved forward and all figures now provided are estimates for 2017 incomes from the Revenue tax forecasting model using latest actual data for the year 2014, adjusted as necessary for income, self-employment and employment trends in the interim. The data are provisional and may be revised.

Question No. 162 answered with Question No. 147.

Insurance Coverage

Questions (163, 164, 165)

Catherine Murphy

Question:

163. Deputy Catherine Murphy asked the Minister for Finance if he is aware of anomalies in the property buildings insurance market where flood insurance is available to purchase by mortgage holders, management companies as block insurance and by private unmortgaged households in some areas but where insurance is not allowed by some voluntary housing bodies; the status of interdepartmental efforts to resolve the issue for householders; if there has been a recent change to flood risk mapping in residential areas; and if he will make a statement on the matter. [22033/16]

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Catherine Murphy

Question:

164. Deputy Catherine Murphy asked the Minister for Finance if he will clarify the position in relation to the obligations of insurance compliances and their risk assessments to indicate flood risk mapping; the origination of this mapping and in cases of disputes where no proof from the lender was supplied to indicate that a property might be on a flood risk map listing; and if he will make a statement on the matter. [22034/16]

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Catherine Murphy

Question:

165. Deputy Catherine Murphy asked the Minister for Finance the policy in respect of acceptance of registered insurance companies indicating that either a flood risk exists or that no flood risk exists in respect of domestic insurance policies and commercial insurance policies; the position relating to the same for management companies; and if he will make a statement on the matter. [22035/16]

View answer

Written answers

I propose to take Questions Nos. 163 to 165, inclusive, together.

The provision of insurance cover is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those risks. 

In my role as Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation.  Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide flood cover to specific individuals or businesses.

Government policy in relation to flooding is focused on the development of a sustainable, planned and risk-based approach to dealing with flooding problems, with a view to addressing the increased availability of flood insurance. 

To achieve this aim the OPW is carrying out assessments of 300 areas under the Catchment Flood Risk Assessment and Management (CFRAM) programme and each area will have a Flood Risk Management Plan (FRMP) by the end of 2016. Decisions on future investment in relation to flood risk management will be informed by the FRMPs.

This strategy is complemented by a Memorandum of Understanding between the OPW and Insurance Ireland which provides for the transfer by the OPW of data in relation to completed flood defence schemes to the insurance industry. 

An Inter-Departmental Flood Policy Co-ordination Group has been established to examine the issue of flooding, and to ensure a whole of Government approach in the area of Flood Policy. This Group is chaired by Seán Canney TD, Minister of State with special responsibility for the Office of Public Works and Flood Relief. The OPW are the lead agency and have responsibility for submitting the final report of the group to Government. Each Department on the Group will submit a report to the OPW dealing with policy issues in their own area with a view to directly improving preparation for and response to flooding or strategic policies which impact on people's risk and experience of flooding.  

As an input to the Inter-Departmental Group's work the Department of Finance has carried out a review of flood insurance with a particular focus on the strategies that other jurisdictions have implemented to increase the availability of flood insurance cover.  This work examined a number of policy options and has made a number of recommendations. The completed report has been provided to OPW to feed into the final report of the Inter-Departmental Group which is due to be presented to Government very shortly.

The first and most appropriate course of action for individuals who are experiencing difficulty in obtaining flood insurance and who believe that they are being treated unfairly, is to contact Insurance Ireland which operates a free Insurance Information Service for those who have queries, complaints or difficulties in relation to insurance.  This service can be contacted at (01) 676 1914 or by email at info@insuranceireland.eu.

Revenue Commissioners Staff

Questions (166)

Ruth Coppinger

Question:

166. Deputy Ruth Coppinger asked the Minister for Finance the way staff at the Revenue Commissioners are allocated, including the numbers devoted to the large cases division and offshore investigations; and if there has been an increase in resources in those areas in light of the Swiss Leaks, LuxLeaks and Panama papers revelations. [22051/16]

View answer

Written answers

I am advised by Revenue that they review business and staff resource requirements in all business areas on an on-going basis as part of workforce planning.  This is an iterative process that looks to identify and address critical posts that may require to be filled in the future and to match structures and resources to strategies and emerging risks.

There are currently a total of 233.40 whole time equivalent staff assigned to Revenue's Large Cases Division.

The allocation of resources to Large Cases Division (LCD) has been increased to provide for the establishment of a dedicated Transfer Pricing team of highly qualified tax, accounting and legal professionals who have been recruited from open competitions at Principal, Assistant Principal and Administrative Officer levels.  Increased resources were also provided to LCD to establish an additional dedicated Anti Avoidance team which had in 2015 a particular focus on examining the Irish connections with the LuxLeaks papers.

Large Cases Division deals with the case management of the largest cases, including Multi-National Corporations. In addition, a second tier of larger cases are dealt with by other Divisions.

As regards offshore avoidance and evasion, I am advised by the Revenue Commissioners that Revenue has been to the forefront in acting against the use of offshore accounts, trusts and structures to evade tax liabilities and Revenue's approach has set the model for much of the work undertaken by other tax administrations in this area.

Revenue's investigations in that regard, have to date resulted in the recovery of €2.8 billion in tax, interest and penalties. Of this sum, Revenue's Offshore Assets Group, whose remit is to investigate the use of offshore accounts to evade or avoid tax, accounts for €1.022m of that sum and the Group has, in the course of its work, made extensive use of the suite of powers available to Revenue.  The Revenue Offshore Assets Groups is part of Revenue's Investigation and Prosecution Division.  There are currently 151.80 staff in this Division.

As indicated in my response to Parliamentary Question 21233/16 of 12 July 2016, while historically, Revenue's efforts in this space were set against a backdrop of bank secrecy and lack of exchange of information between tax administrations, the international climate over the past decade has and continues to change fundamentally. Legislation has been enacted enabling a number of key initiatives for the sharing of information with overseas tax administrations. These include the OECD's Common Reporting Standard, involving over 100 jurisdictions, the EU's Directives on Administrative Cooperation and the US Foreign Account Tax Compliance Act (FATCA) initiative.

Most recently, revelations in early April 2016 by way of a set of leaked documents to the media from the files of the Panamanian-based law firm Mossack Fonseca have provided an unprecedented amount of information which has again focussed worldwide debate on offshore structures and how countries are going to respond. In that regard, Revenue is actively engaging with the OECD Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) Network to agree concrete actions that tax administrations can take in response to this information.

While effective cooperation between countries - as reflected in the offshore financial information that the various Automatic Exchange of Information agreements will provide - is essential in tackling this worldwide problem, it is both necessary and desirable that domestic legislation governing Revenue powers is kept under constant review to ensure that it continues to be fit for purpose. In that regard, any recommendations from Revenue for increased powers are carefully considered.  As indicated in my response to Parliamentary Question 10831/16 of 18 May 2016 discussions are ongoing between my officials and those in Revenue in relation to Revenue powers in the context of the next Finance Bill.

I have also indicated to the Chairman of Revenue that I am committed to supporting any new legislative changes that he feels are needed to tackle tax evasion using offshore structures or accounts.

Tax Code

Questions (167)

Ruth Coppinger

Question:

167. Deputy Ruth Coppinger asked the Minister for Finance if any analysis was carried out by his Department of the tax treatment of vulture funds prior to or after the sale of NAMA and State-owned bank assets to such funds. [22052/16]

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Written answers

Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise assets.  The tax provisions are intended to ring-fence the use of section 110 companies for bona-fide securitisation purposes.

The features of the regime are that:

- The company must be tax resident in Ireland and carry on the business of holding or managing "qualifying assets". "Qualifying assets" for Section 110 purposes includes a broad range of financial and other assets including shares, bonds, derivatives, loans, deposits, commodities, plant and machinery and invoices and other types of receivable.

- The value of "qualifying assets" must be at least €10Million at the time they are acquired by the Section 110 company.

- Apart from the holding or managing of the "qualifying assets" the company cannot carry on any other activities.

The profits or gains of such companies are subject to corporation tax at a rate of 25%. This is the rate of tax for passive income but the taxable profit is calculated using the normal rules that apply to trading activities. Such companies are allowed a full deduction for interest paid recognising their role in raising funding for the originator of the securitisation.

A company must notify the Office of the Revenue Commissioners in advance of its intention to fall within the scope of section 110 TCA 1997.  The companies are required to pay their taxes and file their tax returns in the same way as all other companies and are subject to the same monitoring by the Revenue Commissioners.

I understand that officials from the Department of Finance and the Revenue Commissioners are currently examining recent media coverage concerning the use of certain vehicles for property investments.  Should these investigations uncover tax avoidance schemes or abuse, which erodes the tax base and causes reputational issues for the State, then appropriate action will be taken and any necessary legislative changes that may be required will be put forward for my consideration.

On so-called "vulture funds" more generally, the Consumer Protection (Regulation of Credit Servicing Firms) Act, 2015 was enacted on 8 July 2015. It was introduced to fill the consumer protection gap where loans were sold by the original lender to an unregulated firm. The 2015 Act introduced a regulatory regime for a new type of entity called a 'credit servicing firm'.  Credit Servicing Firms are now subject to the provisions of Irish financial services law that apply to 'regulated financial service providers'. This ensures that relevant borrowers, whose loans are sold to third parties, maintain the same regulatory protections they had prior to the sale, including under the various statutory codes (such as the Consumer Protection Code, Code of Conduct on Mortgage Arrears, Code of Conduct for Business Lending to Small and Medium Enterprises and the Minimum Competency Code) issued by the Central Bank of Ireland and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium-Sized Enterprises) Regulations 2015 which comes into operation on 1 July 2016.

Tax Data

Questions (168, 169)

Ruth Coppinger

Question:

168. Deputy Ruth Coppinger asked the Minister for Finance the numbers registered on the RCT, e-RCT and C45 tax systems working in construction from 2002 to 2015. [22053/16]

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Ruth Coppinger

Question:

169. Deputy Ruth Coppinger asked the Minister for Finance the numbers of construction workers paying pay as you earn and the pay as you earn tax take for each year from 2002 to 2015. [22054/16]

View answer

Written answers

I propose to take Questions Nos. 168 and 169 together.

I am advised by Revenue that the total number of contractors, i.e. principal and sub-contractors, operating within the Relevant Contracts Tax (RCT) system for the years 2005 to 2015 is as follows:

YEAR

RCT registrations/active contractors (principals & sub-contractors)

2015

74,795

2014

68,674

2013

62,451

2012

54,333

2011

107,358

2010

116,302

2009

121,982

2008

126,736

2007

139,664

2006

132,270

2005

130,710

The information provided from 2012 onwards relates to the number of active principal and sub-contractors who received a payment that falls within the RCT regime.  For years prior to 2012, the figures represent the number of active registrations for those years.  Accurate data for years prior to 2005 is not available. The variation in the numbers before 2012 reflects a significant amount of work undertaken to update the RCT register with the introduction of the electronic RCT system. In the time available, I am advised by Revenue that they are not in a position to provide a breakdown of the numbers sought based on the distribution between the three sectors that are subject to RCT, namely construction, forestry and meat processing.  However, I am advised that the construction sector represents approximately 97% of the figures hereunder.

The number of PAYE employments in the sectors covered by the RCT system and the value of the levies and charges and PAYE collected is as follows:

Year

No of Employments

USC/Income Levy (€m)

PAYE

(€m)

Total PAYE (Inc. USC / Income Levy)

(€m)

2015

128,127

€116

€349

€465

2014

120,963

€99

€338

€437

2013

111,013

€98

€269

€367

2012

107,992

€81

€274

€355

2011

117,012

€88

€261

€349

2010

132,144

€48

€289

€337

2009

170,739

€49

€419

€468

2008

251,244

€0

€714

€714

2007

309,654

€860

€860

2006

306,418

 

€808

€808

2005

272,608

€725

€725

Accurate data for years prior to 2005 is unavailable. It should be noted that an individual PAYE employee may have one or more employment in a year.

Charities Regulation

Questions (170, 221)

David Cullinane

Question:

170. Deputy David Cullinane asked the Minister for Finance the tax liabilities, including payroll and income taxes, charities are liable for, including organisations known as sections 38 and 39 organisations funded by the HSE; if any such organisation has been found to be in breach of its tax obligations from 2007 to 2016 to date; if any liabilities found to be unpaid were recouped by the Revenue Commissioners; and if so, when and the time period concerned; and if he will make a statement on the matter. [22063/16]

View answer

Joan Burton

Question:

221. Deputy Joan Burton asked the Minister for Finance the way in which the regulation of the taxation affairs of charities is carried out; and if he will make a statement on the matter. [22746/16]

View answer

Written answers

I propose to take Questions Nos. 170 and 221 together.

Sections 76, 78, 207 and 208 of the Taxes Consolidation Act (TCA) 1997, provide for an exemption from certain taxes for bodies or trusts that are established solely for charitable purposes. Entitlement to the tax exemption is available to charities that meet the qualifying criteria regardless of whether they are in receipt of funding from the Health Services Executive (HSE) as provided for by Sections 38 and 39 of the 2004 Health Act.

The exemption applies to Income Tax, Corporation Tax, Capital Gains Tax, Capital Acquisitions Tax, Deposit Interest Retention Tax (DIRT), Dividend Withholding Tax and Stamp Duties in certain circumstances. The relief does not extend to fiduciary taxes such as VAT or PAYE. A comprehensive list of the various tax reliefs and exemptions available to charitable bodies and details of how these can be applied for is available on the Revenue website at http://www.revenue.ie/en/business/charities.html.

In order to qualify for a charitable tax exemption an organisation must be registered with the Charities Regulatory Authority (CRA) and must also satisfy Revenue that it has a proper legal structure, that it is constituted and operated exclusively for charitable purposes, and that it applies its income for charitable purposes. It must have a governing instrument which outlines the objectives of the organisation in precise terms that clearly demonstrate a recognised charitable purpose.

While Revenue is constrained by confidentiality in accordance with Section 851A of the Taxes Consolidation Act and cannot provide data on specific cases or provide any information that could inadvertently lead to the identification of individual cases, I am assured that charities are subject to the same level of compliance scrutiny as any other entity in respect of the taxes they are obliged to remit. The type of scrutiny involved could include various debt management interventions or a Revenue compliance intervention in accordance with the 'Code of Practice for Revenue Audit and other Compliance Interventions'.  Additionally, charities that have a charitable tax exemption are subject to Revenue oversight to ensure they comply with the terms under which it was granted.

For the years 2007 to 2016 year to date, Revenue conducted almost 7,500 debt management interventions and in excess of 1,600 compliance interventions in respect of charities. Revenue also carried out almost 5,500 reviews of charities in respect of the charitable exemption and charitable donations schemes. It should be noted however that Revenue's role in these interventions is limited to examination of the tax compliance and charitable exemption risks of the entities concerned. Revenue has no role to play in regard to the overall regulation of charities, which is the remit of the Charities Regulator.

Where any underpayments of tax are identified the charity is required to immediately pay the outstanding amount, including any interest and penalties. The only exception in this regard would be where it requests and is granted a phased payment arrangement. The charity may also be published in the quarterly defaulters list in accordance with Section 1086 of the TCA depending on the nature and amount of any settlement reached with Revenue.

Tax Data

Questions (171)

David Cullinane

Question:

171. Deputy David Cullinane asked the Minister for Finance to outline revenue as a percentage of GDP for each of the years 2002 to 2015; and if he will make a statement on the matter. [22077/16]

View answer

Written answers

General government revenue is estimated for Governement Finance Statistics by the Central Statistics Office (CSO) and is defined under the European System of Accounts 2010 (ESA 2010).  It is the wider definition of revenue that is used in the calculation of the General Government Balance.

The following table details the latest figures as published by the CSO in the Government Income and Expenditure July 2016.  Caution is needed in interpreting the 2015 figure given that the level of GDP rose substantially in that year on foot of a number of exceptional factors that have limited, if any, impact on actual living standards in Ireland.

Year

Total Revenue €m

% GDP

2002

44,491

32.7%

2003

48,630

33.4%

2004

53,852

34.5%

2005

59,478

34.9%

2006

67,808

36.6%

2007

71,266

36.1%

2008

65,400

34.8%

2009

56,510

33.3%

2010

55,407

33.2%

2011

57,716

33.3%

2012

59,493

33.9%

2013

61,522

34.1%

2014

65,804

34.1%

2015

70,622

27.6%

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