Jim Mitchell
Ceist:69 Mr. J. Mitchell asked the Minister for Finance whether persons aged 65 or over are exempt from DIRT tax; and if he will make a statement on the matter.
Written Answers. - Taxation Matters.
Persons aged 65 or over are not exempt from deposit interest retention tax. Such persons may, however, claim repayment of retention tax deducted from their deposit interest, after the end of the tax year, to the extent that they would not otherwise be liable to tax on the relevant interest.
John V. Farrelly
Ceist:70 Mr. Farrelly asked the Minister for Finance the reason a person (details supplied) in County Meath has had his tax liability increased as he understood he was entitled to a rebate of DIRT tax; and if he will make a statement on the matter.
I have been advised by the Revenue Commissioners that the taxpayer claimed a refund of deposit interest retention tax in respect of the years 1987-88, 1988-89 and 1989-90 on 6 June 1990. PAYE balancing statements for these years were issued to the taxpayer on 29 August 1990, advising him of a net underpayment of £181.37. This underpayment arose because the taxpayer has been receiving a social welfare pension since June 1987, but this was only notified to the inspector of taxes in June 1990, i.e. when the taxpayer submitted his claim for a refund of DIRT.
A return of income/claim for allowances form for the year 1988-89 was issued to the taxpayer on 19 January 1991 but to date he has not completed and returned same. The inspector has now written to the taxpayer for the details necessary to bring his tax affairs up to date and on receipt of his reply his liability to tax will be reviewed.