Dáil Éireann Debate, Wednesday - 1 December 2004
142 Mr. G. Mitchell asked the Minister for Finance the reason a person (details supplied) in Dublin 6W is continuing to have DIRT retained; if such deductions will cease; and if a further refund will be issued for the years after 2001. [31781/04]
Amharc ar fhreagraChapter 4 of Part 8 of the Taxes Consolidation Act 1997 provides for a retention tax on the interest accruing on deposit accounts of Irish resident individuals. Therefore, such deductions will not cease when a person becomes 65. However, an individual is entitled to a repayment of the DIRT deducted in situations where: (i) he or she or his or her spouse is either aged 65 years or over at any time during the tax year or permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself — or became so incapacitated — at any time during the tax year; and (ii) the income of the individual, inclusive of the deposit interest, is below the appropriate income exemption limit for tax purposes.
However, before a refund can be made, the taxpayer must submit a form 54D together with certificates of retention tax paid. Any refunds arising for the years 2002 to 2004 for the person concerned will be dealt with on receipt of this information for each year.
I understand that the Revenue Commissioners have written to the taxpayer requesting certificates of retention tax for the years 2002 to 2004. Forms 54D, required to claim a repayment in respect of DIRT, have also been sent to the taxpayer for completion for the years 2002 to 2004.
