Dáil Éireann Debate, Tuesday - 14 October 2014
61. Deputy Brian Walsh asked the Minister for Finance if he will provide a breakdown of the penalties, interest and surcharges imposed by the Revenue Commissioners in respect of a person (details supplied) in County Galway. [39149/14]
Amharc ar fhreagraI am advised by the Revenue Commissioners that Income Tax returns for the person (details supplied) for the years 2007, 2008 and 2010 were submitted together on 15th November 2012. Accordingly, all three returns were substantially late (for example, the 2007 return was submitted more than four years after the due date). Consequently, surcharges totalling €7,072.82 were applied in accordance with S.1084 of the Taxes Consolidation Act, 1997.
The surcharge for the year 2007 is 10% of the gross tax of €32,380.11 and amounts to €3,238.01. The surcharge for the year 2008 is 10% of the gross tax of €27,509.06 and amounts to €2,750.90.
For the year 2010, the surcharge is computed on the gross tax and additional levies. The surcharge applicable to tax is 10% of the gross tax of €10,426.80 and amounts to €1,042.68. The surcharge in relation to the additional levies is computed on a net basis after deduction of levies paid through the payroll. This surcharge is 10% of the net levies of €412.30 and amounts to € 41.23. The total surcharge for the year 2010 is therefore €1,083.91.
In addition to the surcharges, interest in the amount of €2923.53 is also due.
