Dáil Éireann Debate, Thursday - 19 December 2013
121. Deputy Michael McGrath asked the Minister for Finance following on from the 150,000 letters issued by the Revenue Commissioners in early January 2012 to pensioners, the number of the 150,000 pensioners who had an additional tax liability; if the budget day estimate of an extra €45 million revenue in 2012 from the initiative was accurate; and if he will make a statement on the matter. [55101/13]
Amharc ar fhreagraI am advised by the Revenue Commissioners that there would be a significant amount of work involved in determining the precise amount of extra tax generated in 2012 from the initiative undertaken by the Commissioners in January 2012 to regularise the affairs of PAYE taxpayers who had not previously declared their Department of Social Protection (DSP) payments. However, on the basis of an exercise carried out in April 2013 based on the 2012 P35 information then to hand, the Commissioners advised, provisionally, that an amount of €65 million in additional tax had been secured for the Exchequer from the taxpayers concerned.
The Deputy will also be aware from my reply to a previous question that approximately €24.5m in additional tax, interest and penalties has to date been secured in respect of years prior to 2012 from those highest risk cases, both PAYE and self-assessed taxpayers, who had not previously declared their DSP payments.
