Dáil Éireann Debate, Tuesday - 29 May 2018
192. Deputy Joan Burton asked the Minister for Finance the number of claims made under section 285A of the Taxes Consolidation Act 1997, as enacted by section 46 of the Finance Act 2008; the cost for wind turbines, CHP, cooling equipment, solar, heat pumps and so on; the annual cost; and if he will make a statement on the matter. [23479/18]
Amharc ar fhreagra193. Deputy Joan Burton asked the Minister for Finance the cost of the three largest claims made under section 285A of the Taxes Consolidation Act 1997 as enacted by section 46 of the Finance Act 2008; the type of projects to which they applied; and if he will make a statement on the matter. [23480/18]
Amharc ar fhreagra194. Deputy Joan Burton asked the Minister for Finance if a cost-benefit analysis has been prepared of the relief provided under section 285A of the Taxes Consolidation Act 1997 as enacted by section 46 of the Finance Act 2008; and if he will make a statement on the matter. [23481/18]
Amharc ar fhreagraI propose to take Questions Nos. 192 to 194, inclusive, together.
A review of the Accelerated Capital Allowances scheme for Energy Efficient Equipment was undertaken by my Department in 2017, ahead of Budget 2018. This scheme is regularly reviewed, in line with the Department of Finance’s 2014 Tax Expenditure Guidelines. The 2017 review of the scheme is available at the following link: http://www.budget.gov.ie/Budgets/2018/Documents/ACA_Scheme_for_EEE_Review.pdf.
I am advised by Revenue that the information on tax returns is not captured in such a way as to provide the breakdown by category of equipment as requested. Nonetheless, the overall cost and number of taxpayers availing of the scheme is as follows:
|
Year |
Tax Rebate €m |
No. of Claims |
Investment in qualifying ACA equipment €m |
|
2009 |
1.6 |
93 |
13.4 |
|
2010 |
0.6 |
68 |
5 |
|
2011 |
1.3 |
76 |
11.3 |
|
2012 |
1 |
77 |
8 |
|
2013 |
0.7 |
65 |
5.6 |
|
2014 |
0.9 |
57 |
7.2 |
|
2015 |
1.1 |
65 |
9 |
Information concerning the overall numbers claiming and tax cost are available at: https://www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf, under the heading ‘Capital Allowances Used (Energy Efficient Capital Allowance only)’.
Due to the obligation on Revenue to protect the confidentiality of taxpayer information, and the small number of taxpayers involved, information on the three largest claims cannot be provided.
