Tax Data

Dáil Éireann Debate, Tuesday - 5 October 2021

Tuesday, 5 October 2021

Questions (190)

Matt Carthy

Question:

190. Deputy Matt Carthy asked the Minister for Finance the number of farmers that availed of the opportunity to step out of income averaging as second time within a five-year period from 2020 to date; the average financial implications arising; the net result to the Exchequer; and if he will make a statement on the matter. [48071/21]

Written answers

Minister for Finance

I am advised by Revenue that the deadline for filing tax returns in relation to the tax year 2020 is not until later in 2021. When these returns are received and analysed in early 2022, it will then be possible for Revenue to identify taxpayers availing of the temporary (Covid related) second step-out from income averaging in 2020.