asked the Minister for Finance if the tax rebate due to a person (details supplied) in Dublin 14 which has been levied on his deposit interest in a bank can be paid without delay; and if arrangements will be made to make the rebate payable on a monthly basis, as this person is under the income tax exemption limit.
Written Answers. - Tax Rebates.
51.
I have been advised by the Revenue Commissioners that the Finance Act, 1986, provides for the repayment of deposit interest retention tax deducted from persons aged 65 years or over who would not otherwise be liable to tax on the relevant interest. However, the legislation specifically provides that such payment may be made only at the end of the income tax year. Such a provision is necessary as the Revenue Commissioners would be in a position to determine the amount of tax due to be refunded only when all details of a tax-payer's income and allowances are available. For the same reason a system of interim refunds would not be practicable.
52.
asked the Minister for Finance when payment of a tax rebate will issue to a person (details supplied) in County Offaly.
The Revenue Commissioners have advised me that the taxpayer ceased employment on 1 September 1989. A claim for repayment of tax on the grounds of unemployment was submitted on 25 September 1989. The claim has been dealt with and a cheque in settlement will be issued to him shortly.