Written Answers Nos. 68-80
68. Deputy Michael McGrath asked the Minister for Finance the number of persons who applied under the declined cases agreement for motor insurance since its establishment, on an annual basis; the number of successful applications; the average premium by successful application; and if he will make a statement on the matter. [18329/19]
View answerAt the outset, as the Deputy is aware, I in my role, as Minister for Finance have no responsibility for the operation of the Declined Cases Agreement and therefore do not have direct access to the data that is being requested.
However, in order to be as helpful as I can, my officials contacted Insurance Ireland about your information request. In response they have provided me with statistics on the number of cases they have dealt with back to 2009. Data is not available for the years preceding that. These statistics are set out in the table.
In relation to these cases Insurance Ireland have informed me that all applications made to them were accepted by Insurance Ireland for processing under the Declined Cases Agreement. They have also stated that a quotation was secured for the applicants in question through the Agreement and that they therefore consider all applications to have been successful. Insurance Ireland were unable to provide information regarding the average premium by successful application.
|
Year |
Total number of cases dealt with under the Declined Cases Agreement (figures supplied by Insurance Ireland) |
|
2018 |
1147 |
|
2017 |
1423 |
|
2016 |
1941 |
|
2015 |
1164 |
|
2014 |
669 |
|
2013 |
308 |
|
2012 |
178 |
|
2011 |
169 |
|
2010 |
130 |
|
2009 |
115 |
69. Deputy Michael McGrath asked the Minister for Finance the number of personal contract plans, PCP, for motor vehicles in existence in each year since 2016; the outstanding value for each period; the number of PCPs that have failed due to non-payment; the number and value of loans in arrears, in tabular form; and if he will make a statement on the matter. [18330/19]
View answerIn its "Money and Banking" statistical series, the Central Bank (in Table A.19 - see link) publishes data on the types of car finance provided to households including PCP finance. The table underneath presents the number of PCP contracts outstanding at the end of 2016, 2017, and the end of June-2018, together with the outstanding amounts on these contracts.
|
At end |
Number of PCP contracts |
Outstanding PCP amounts - € million |
|
2016 |
47,215 |
833 |
|
2017 |
63,066 |
1,097 |
|
2018 H1 |
69,668 |
1,243 |
The Central Bank has advised that it does not collect data on PCP contracts in arrears or failure due to non-payment, though it can be noted that certain information on this aspect was set out in Table 2.1 of the Competition and Consumer Protection Commission 2018 Report on the Irish PCP market (see link - www.ccpc.ie/business/wp-content/uploads/sites/3/2018/03/Personal-Contract-Plans-the-Irish-Market.pdf).
The Central Bank has also advised that the data outlined above relates to credit advanced by Irish banks only and that it hopes to publish an updated dataset relating to the full PCP reporting population in the near future.
70. Deputy Michael McGrath asked the Minister for Finance the number of outstanding complaints with the Financial Services and Pensions Ombudsman regarding personal contract plans for the purchase of motor vehicles; the value of the complaints; and if he will make a statement on the matter. [18331/19]
View answerFirstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes.
However, the Financial Services and Pensions Ombudsman has informed me that there are no active complaints on hand at present in relation to personal contract plans for the purchase of motor vehicles.
The Ombudsman also confirmed that in 2018, the FSPO dealt with 5 complaints in relation to Personal Contract Plans. Of these complaints:
1 complaint was closed after registration, referral and follow up.
(This is a complaint which was received but which had not been fully completed by the complainant. Usually this is because the complainant has not notified their financial service provider of the issue, as required by the legislation. In this instance, I understand that the Information Services team contacted the complainant and explained how to complete the complaints process. Following this, they did not hear from the complainant, they re-engaged to check whether they wished to proceed with their complaint, and a response was not received, this complaint was eventually closed)
4 complaints were closed following our Dispute Resolution process.
(These are complaints which are resolved by agreement reached between the parties through mediation where:
1. the complainant receives redress and/or compensation
or
2. the complainant accepts a clarification of the matters at issue.)
The Deputy may be interested to know that one of these PCP cases was described in the Overview of Complaints 2018 recently published by the FSPO and available on his website www.fspo.ie.
71. Deputy Michael McGrath asked the Minister for Finance the number of tax appeals before the Tax Appeals Commission; the value of tax to which the disputes amount; the appeals by ranges (details supplied), respectively, in tabular form; and if he will make a statement on the matter. [18332/19]
View answer72. Deputy Michael McGrath asked the Minister for Finance the age and value of tax appeals before the Tax Appeals Commission by ranges (details supplied), respectively, in tabular form; and if he will make a statement on the matter. [18333/19]
View answer73. Deputy Michael McGrath asked the Minister for Finance the number of new appeals brought before the Tax Appeals Commission in each month since January 2016 (details supplied); the number of cases concluded in each month since January 2016; and if he will make a statement on the matter. [18334/19]
View answer74. Deputy Michael McGrath asked the Minister for Finance the number of appeals before the Tax Appeals Commission concluded since January 2016 that have been settled; the value of the settled appeals; the number that have been withdrawn; the value of same; the number of cases that have been heard; and if he will make a statement on the matter. [18335/19]
View answerI propose to take Questions Nos. 71 to 74, inclusive, together.
The Tax Appeals Commission (“TAC”) was established on 21 March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers appealed directly to Revenue, who then transferred cases to the Appeal Commissioners if and when they proceeded to appeal. Since that date, taxpayers send their appeals directly to the TAC which then notifies Revenue of the appeals.
In response to the Deputy’s questions, the following table provides an outline of the number of appeals received and concluded in each month since the establishment of the TAC on 21 March 2016.
Table 1: Number of appeals received and number of appeals closed from 21 March 2016 to date
|
|
2016 |
2016 |
2017 |
2017 |
2018 |
2018 |
2019 |
2019 |
|
Month |
Received |
Closed |
Received |
Closed |
Received |
Closed |
Received |
Closed |
|
January |
|
|
559 |
52 |
264 |
64 |
161 |
91 |
|
February |
|
|
75 |
39 |
134 |
319 |
112 |
58 |
|
March |
1,557 |
4 |
177 |
74 |
159 |
148 |
116 |
105 |
|
April |
74 |
7 |
91 |
53 |
104 |
141 |
42 |
55 |
|
May |
75 |
15 |
106 |
131 |
195 |
122 |
|
|
|
June |
95 |
15 |
82 |
52 |
72 |
76 |
|
|
|
July |
107 |
29 |
106 |
51 |
114 |
115 |
|
|
|
August |
79 |
13 |
90 |
45 |
127 |
56 |
|
|
|
September |
80 |
16 |
107 |
19 |
108 |
89 |
|
|
|
October |
76 |
23 |
95 |
49 |
108 |
156 |
|
|
|
November |
103 |
40 |
107 |
42 |
115 |
72 |
|
|
|
December |
99 |
44 |
152 |
83 |
189 |
81 |
|
|
|
Total |
2,345 |
206 |
1,747 |
690 |
1,689 |
1,439 |
431 |
309 |
A breakdown of the number of new appeals in each month since March 2016 by quantum is currently not available.
Following its establishment in 2016, I am informed that approximately 3,020 appeals transferred to the TAC from both the Office of the Revenue Commissioners and the Office of the Appeal Commissioners in March 2016. The TAC has further advised me that, as of 15 April 2019, it currently has approximately 3,568 active appeals under its remit.
Since 21 March 2016 the TAC has cleared appeals relating to over €1.2 billion in disputed taxes. The table gives an outline of how appeals were closed from 21 March 2016.
Table 2: Summary of Appeals Closed since 21 March 2016 to date
|
Reason for Appeal Closures |
Number of Appeals Closed |
Quantum €000 |
|
Determination |
110 |
149,101 |
|
Dismissed |
238 |
28,750 |
|
Merged |
39 |
11,255 |
|
Refused |
364 |
13,419 |
|
Settled |
1,433 |
717,311 |
|
Withdrawn by Appellant |
460 |
283,666 |
|
Total |
2,644 |
1,203,502 |
The following table provides an outline of the number of appeals that have been heard since 21 March 2016.
Table 3: Appeals listed for hearing since 21 March 2016 to date - Hearings Scheduled; No. of Appeals affected
|
Outcome |
2019* |
2018 |
2017 |
2019* |
2018 |
2017 |
2016** |
|
Scheduled |
61 |
167 |
65 |
221 |
248 |
106 |
153 |
|
Withdrawn/Settled in advance of hearing |
8 |
17 |
2 |
11 |
23 |
2 |
21 |
|
Deferred in advance of hearing |
35 |
90 |
11 |
174 |
148 |
11 |
33 |
|
Proceeded with |
18 |
60 |
52 |
36 |
77 |
93 |
99 |
* A further 103 hearings in relation to 307 appeals have currently been listed for the remainder of 2019.
** No breakdown of scheduled hearings was recorded in 2016.
The following table provides an outline of the number of appeals on hand before the TAC as at 15 April 2019.
Table 4: Summary and Quantum* of Appeals on Hand as at 15 April 2019
|
Category/year received** |
Legacy |
Pre-Est'd |
2016 |
2017 |
2018 |
2019 |
Total |
|
Below €10,000 |
74 |
91 |
73 |
584 |
346 |
218 |
1,386 |
|
Between €10,001 and €50,000 |
215 |
16 |
54 |
173 |
319 |
63 |
840 |
|
Between €50,001 and €1,000,000 |
331 |
37 |
106 |
216 |
380 |
91 |
1,161 |
|
Between €1,000,001 and €5,000,000 |
36 |
2 |
10 |
33 |
35 |
9 |
125 |
|
Greater than €5,000,000 |
14 |
2 |
6 |
15 |
19 |
|
56 |
|
Total |
670 |
148 |
249 |
1,021 |
1,099 |
381 |
3,568 |
* The quantum figure should be viewed as an estimate on the following basis:
The original quantum of tax under appeal may be modified post filing of the notice of appeal (i.e. where an aspect of an appeal is settled or withdrawn).
The parties may disagree in relation to the precise quantum of tax in dispute.
The monetary value of an appeal is not always calculable (i.e. in appeals where the rate of tax is in dispute or in appeals in relation to the refusal of Tax Clearance Certificates).
** The system of characterisation of appeals reflects: the appeals on hand in the former Office of the Appeal Commissioners prior to the establishment of the TAC (‘pre-establishment appeals’); appeals received post establishment of the TAC (‘current appeals’); and aged appeals transferred from the Revenue Commissioners (‘legacy appeals’), and the appeal groups are described accordingly.
75. Deputy Michael McGrath asked the Minister for Finance the number of penalties for non-payment of tax the Revenue Commissioners have imposed in each of the years from 2016 to 2018 and to date in 2019, by each tax heading; the value of the penalties; the interest received on unpaid tax liabilities, in tabular form; and if he will make a statement on the matter. [18336/19]
View answerI am advised by Revenue that the number and value of penalties imposed/collected and the interest collected for the years 2016 to 2019 (to date), broken down by each tax heading, are set out in the following tables.
Table 1 – Number of Penalties Imposed.
Note: A taxpayer may be counted in more than one tax head.
|
|
2016 |
2017 |
2018 |
2019 YTD |
|
PAYE |
1,154 |
1,221 |
1,442 |
242 |
|
PRSI |
100 |
101 |
82 |
23 |
|
VAT |
1,763 |
1,759 |
1,617 |
494 |
|
INCOME TAX (Self-Employed) |
1,772 |
1,998 |
2,916 |
625 |
|
CORPORATION TAX |
428 |
473 |
568 |
163 |
|
CAPITAL GAINS TAX |
264 |
300 |
392 |
88 |
|
RELEVANT CONTRACTS TAX |
557 |
483 |
518 |
133 |
|
DIVIDEND WITHHOLDING TAX |
3 |
5 |
4 |
0 |
|
RELEVANT TAX ON SHARE OPTION |
13 |
26 |
18 |
0 |
|
STAMP DUTY |
8,255 |
8,280 |
8,207 |
2,378 |
|
CAPITAL ACQUISITIONS TAX |
152 |
164 |
134 |
63 |
|
LOCAL PROPERTY TAX |
22 |
5 |
6 |
6 |
|
OTHER |
5 |
9 |
8 |
1 |
|
TOTAL |
14,488 |
14,824 |
15,912 |
4,216 |
Table 2 – Penalties Collected (€m)
|
|
2016 |
2017 |
2018 |
2019 YTD |
|
PAYE |
€4.93m |
€4.13m |
€5.02m |
€0.87m |
|
PRSI |
€0.61m |
€0.53m |
€0.45m |
€0.15m |
|
VAT |
€4.57m |
€5.11m |
€8.01m |
€4.04m |
|
INCOME TAX (Self-Employed) |
€5.03m |
€4.66m |
€5.18m |
€1.48m |
|
CORPORATION TAX |
€2.06m |
€2.17m |
€2.18m |
€0.28m |
|
CAPITAL GAINS TAX |
€0.75m |
€0.52m |
€0.93m |
€0.20m |
|
RELEVANT CONTRACTS TAX |
€2.68m |
€2.92m |
€3.06m |
€0.66m |
|
DIVIDEND WITHHOLDING TAX |
€0.01m |
€0.01m |
€0.01m |
€0.00m |
|
RELEVANT TAX ON SHARE OPTION |
€0.03m |
€0.03m |
€0.05m |
€0.00m |
|
STAMP DUTY |
€1.27m |
€1.57m |
€1.46m |
€0.46m |
|
CAPITAL ACQUISITIONS TAX |
€0.56m |
€0.73m |
€0.30m |
€0.19m |
|
LOCAL PROPERTY TAX |
€0.00m |
€0.00m |
€0.00m |
€0.00m |
|
OTHER |
€0.05m |
€0.09m |
€0.02m |
€0.00m |
|
TOTAL |
€22.55m |
€22.47m |
€26.67m |
€8.33m |
Table 3 – Interest Collected (€m)
|
|
2016 |
2017 |
2018 |
2019 YTD |
|
PAYE |
€16.54m |
€8.01m |
€15.27m |
€6.55m |
|
PRSI |
€4.39m |
€1.75m |
€2.63m |
€1.02m |
|
VAT |
€15.10m |
€16.34m |
€18.79m |
€4.26m |
|
INCOME TAX (Self-Employed) |
€29.28m |
€33.37m |
€37.37m |
€10.58m |
|
CORPORATION TAX |
€11.63m |
€10.12m |
€18.22m |
€1.86m |
|
CAPITAL GAINS TAX |
€5.86m |
€4.93m |
€6.60m |
€1.87m |
|
RELEVANT CONTRACTS TAX |
€0.52m |
€0.27m |
€0.40m |
€0.08m |
|
DIVIDEND WITHOLDING TAX |
€0.11m |
€0.28m |
€0.11m |
€0.36m |
|
RELEVANT TAX ON SHARE OPTION |
€0.74m |
€0.78m |
€0.32m |
€0.09m |
|
STAMP DUTY |
€3.51m |
€2.62m |
€1.98m |
€0.43m |
|
CAPITAL ACQUISITIONS TAX |
€3.07m |
€2.45m |
€2.32m |
€1.03m |
|
LOCAL PROPERTY TAX |
€0.04m |
€0.08m |
€0.14m |
€0.19m |
|
OTHER |
€0.27m |
€0.26m |
€0.32m |
€0.06m |
|
Total |
€91.06m |
€81.26m |
€104.47m |
€28.38m |
Note: ‘Other’ includes Professional Services Withholding Tax, Deposit Interest Retention Tax, Life Assurance
Exit Tax, Environmental Levy, Betting Duty, Investment Undertaking Tax and Domicile Levy
76. Deputy Michael McGrath asked the Minister for Finance the number of enforcement proceedings initiated by the Central Bank in each of the years from 2016 to 2018 and to date in 2019, by type of licensed institution; the number of proceedings that have led to enforcement actions by the Central Bank; the value of fines, by type, that have been imposed in each year, in tabular form; and if he will make a statement on the matter. [18337/19]
View answerThe Central Bank of Ireland have provided the following tables setting out the number and details of concluded enforcement actions by the Central Bank in each of the years 2016 to 2019 (to date).
Enforcement actions against regulated firms and individuals under the Administrative Sanctions Procedure (ASP)
|
Year |
Number |
Fines Imposed |
|
2019 |
0* |
€0* |
|
2018 |
10 |
€7,441,000 |
|
2017 |
11 |
€7,239,970 |
|
2016 |
9 |
€12,075,750 |
|
Total |
30 |
€26,756,270 |
* Note: while there have been no concluded Enforcement outcomes under the ASP to date in 2019, there are a significant number of actions under way and it is expected that the number of outcomes for the year will be in line with previous years.
2018
|
|
Case Name |
Sector |
Fine Imposed |
Date |
|
1 |
Michael P. Walsh |
Credit Institutions |
€20,000 |
22-Jan-18 |
|
2 |
Bastow Charleton Wealth Management |
Investment Firm |
€220,000 |
27-Mar-18 |
|
3 |
Appian Asset Management |
Investment Firm |
€443,000 |
13-Jun-18 |
|
4 |
St.Canice's Credit Union |
Credit Union |
€210,000 |
21-Jun-18 |
|
5 |
PartnerRe Ireland Insurance dac (PRIID) |
Insurance |
€910,000 |
16-Aug-18 |
|
6 |
Partner Reinsurance Europe SE (PRESE) |
Insurance |
€630,000 |
16-Aug-18 |
|
7 |
CitiBank Europe plc |
Banking |
€1,330,000 |
03-Oct-18 |
|
8 |
E-Services and Communications Credit Union Limited |
Credit Union |
€155,000 |
24-Oct-18 |
|
9 |
Tom McMenamin |
Credit Institutions |
€23,000 |
06-Dec-18 |
|
10 |
RSA |
Insurance |
€3,500,000 |
18-Dec-18 |
2017
|
|
Case Name |
Sector |
Fine Imposed |
Date |
|
1 |
Kinsale Capital Management Limited |
Investment Firm |
€275,000 |
14-Feb-17 |
|
2 |
Drimnagh Credit Union Limited |
Credit Union |
€125,000 |
07-Mar-17 |
|
3 |
Allied Irish Banks plc |
Banking |
€2,275,000 |
24-Apr-17 |
|
4 |
The Governor and Company of the Bank of Ireland |
Banking |
€3,150,000 |
26-May-17 |
|
5 |
Intesa Sanpaolo Life dac |
Insurance |
€1,000,000 |
23-Nov-17 |
|
6 |
Albert Reilly t/a Albert Reilly Insurance and Financial Consultants |
Intermediary |
€1,470 |
27-Nov-17 |
|
7 |
Lupton Financial Services Limited t/a Lupton & Co. Financial Services |
Intermediary |
€1,225 |
28-Nov-17 |
|
8 |
Lorna Heffernan Finance Limited |
Intermediary |
€1,050 |
30-Nov-17 |
|
9 |
Robert Moynihan |
Intermediary |
€1,225 |
01-Dec-17 |
|
10 |
Merrion Stockbrokers Limited |
Stockbrokers |
€200,000 |
12-Dec-17 |
|
11 |
BCP Asset Management DAC |
Investment Firm |
€210,000 |
18-Dec-17 |
2016
|
|
Case Name |
Sector |
Fine Imposed |
Date |
|
1 |
Arch Reinsurance Europe Underwriting dac |
Insurance |
€275,000 |
15-Mar-16 |
|
2 |
Seamus Sutcliffe t/a The Mortgage Centre |
Intermediary |
€2,750 |
30-Jun-16 |
|
3 |
New Ireland Assurance Company plc. |
Insurance |
€650,000 |
13-Jul-16 |
|
4 |
Axa Insurance Ireland Limited |
Insurance |
€675,000 |
26-Jul-16 |
|
5 |
KBC Bank Ireland plc |
Banking |
€1,400,000 |
06-Oct-16 |
|
6 |
Capita Life and Pensions Services (Ireland) Limited |
Intermediary |
€1,150,000 |
11-Oct-16 |
|
7 |
Ulster Bank Ireland DAC |
Banking |
€3,325,000 |
27-Oct-16 |
|
8 |
Springboard Mortgages |
Retail Credit Firm |
€4,500,000 |
24-Nov-16 |
|
9 |
Bray Credit Union |
Credit Union |
€98,000 |
06-Dec-16 |
Further details of enforcement actions under the ASP can be found on the Central Bank website at the following link: https://www.centralbank.ie/news-media/legal-notices/enforcement-actions.
77. Deputy Michael McGrath asked the Minister for Finance the amount of property-related income earned by all real estate investment trusts, REITs, in each of the years from 2013 to 2018 and to date in 2019; the amount that is from rent; the amount that is from the sale of properties; the amount of net distributions made in each of the years since 2013; the amount of those distributions paid to domestic income taxpayers, domestic corporate taxpayers and foreign shareholders resident in a location with which Ireland has a double tax treaty; the amount paid by all REITs in dividend withholding tax in each year since 2013; the amount of such tax reclaimed by the taxpayer in each of the years since 2013; and if he will make a statement on the matter. [18338/19]
View answer78. Deputy Michael McGrath asked the Minister for Finance the number of distributions made each year since 2013 from REITs to pension plans, charities and other dividend withholding tax exempt shareholders; and if he will make a statement on the matter. [18339/19]
View answerI propose to take Questions Nos. 77 and 78 together.
The rules relating to Real Estate Investment Trusts (REITs) in Ireland are found in Part 25A of the Taxes Consolidation Act 1997, and were introduced by Finance Act 2013. Irish REITs are collective investment vehicles which invest in Irish property. As such, their income and gains from Irish property are not taxed within the REIT but are instead taxed in the hands of the investor when distributed. REITs must distribute at least 85% of their property profits and gains to their shareholders each year. A REIT is subject to corporation tax on any income or gains arising from any other, i.e. non-property, business it carries on.
The function of the REIT framework is not to provide an overall tax exemption, but rather to facilitate collective investment in rental property by providing the same after-tax returns to investors as direct investment in rental property and removing a double layer of taxation at corporate and shareholder level which would otherwise apply.
Dividend Withholding Tax (DWT) at 20% must be applied to all distributions from REITs, other than distributions to certain limited classes of investors such as pensions and charities as they are more generally exempt from tax. I am advised by Revenue that the available information is the net DWT collected in respect of dividends paid by REITs for 2015 onwards, as shown in the table.
|
Year |
Amount of DWT Collected |
|
2015 |
€4.0m |
|
2016 |
€7.8m |
|
2017 |
€11.8m |
|
2018 |
€12.4m |
I am advised by Revenue that, due to the obligation to maintain taxpayer confidentiality, it does not disclose information in circumstances where the number of cases is so small that it might facilitate identification of the taxpayers involved. As this is the case with Real Estate Investment Trusts (REITs), it is not possible for Revenue to provide the further information requested. However I would note that REITs are required to be publicly listed companies and as a result they publish a wide range of detailed information, including financial reports, which would provide some of the information requested by the Deputy.
79. Deputy Michael McGrath asked the Minister for Finance the yield from life assurance exit tax in 2018; the forecasted yield in 2019; and if he will make a statement on the matter. [18340/19]
View answerI am advised by the Revenue Commissioners that the yield from Life Assurance Exit Tax was approximately €165 million in 2018. The projected yield for Life Assurance Exit Tax in 2019 is €195 million.
80. Deputy Michael McGrath asked the Minister for Finance the yield from the 1% levy on life assurance policies in each of the years from 2015 to 2018; the projected yield in 2019; and if he will make a statement on the matter. [18341/19]
View answerSection 124B Stamp Duties Consolidation Act 1999 provides for a levy of 1% on life insurance premiums paid by Irish policyholders to life insurance companies located in the EU and EEA.
Information in relation to Stamp Duty receipts, including the yield from the Life Assurance Levy from 2015 to 2018, can be found on the statistics page of the Revenue website at https://www.revenue.ie/en/corporate/documents/statistics/receipts/stamp-duty-receipts.pdf.
For the deputies convenience I can confirm that the table in the link contains the figures shown.
|
Year |
2015 |
2016 |
2017 |
2018 |
|
Yield |
30.70 million |
21.37 million |
12.42 million |
11.78 million |
The projected yield from the Life Assurance Levy in 2019 is €13.4 million.
The following revised reply was received on 1 October 2019
I am advised by Revenue that further to my reply to Parliamentary Question 18341/19, in respect of the life assurance levy from 2015 to 2018, revised figures are now available at the following link and reproduced in the table below:
https://www.revenue.ie/en/corporate/documents/statistics/receipts/stamp-duty-receipts.pdf.
|
2015 |
2016 |
2017 |
2018 |
|
|
Non-life levy & life assurance levy |
€138.65m |
€157.04m |
€176.91m |
€166.45m |
The revised information is contained under the heading; ‘Non-life levy & life assurance levy.’
Since the original response issued, Revenue identified a technical issue with their Revpay system which is causing payments of the Life Assurance Levy to be accounted for as being non-Life Levy payments, as the system is not able to account for Life Assurance Levy payments separately.
The post-Budget estimate for 2019 for these two levies (combined) is €195 million.
