Dáil Éireann Debate, Thursday - 14 June 2018
66. Deputy Michael McGrath asked the Minister for Finance the number of cases in which the Revenue Commissioners have found against individuals who failed to declare rental income from renting their accommodation through a company (details supplied) in each of the past five years; the value of income tax that was unpaid as a result; the value of interest and penalties charged; and if he will make a statement on the matter. [26095/18]
Amharc ar fhreagraRevenue have informed me that they are bound by taxpayer confidentiality in accordance with Section 851A of the TCA 1997 and thus can not provide any information that might disclose the tax affairs of any individual taxpayer or business, including in regard to any third party.
The vast majority of taxpayers are voluntarily compliant and Revenue assume that recipients of income from the provision of short-term accommodation have declared the relevant details to them for all years. However, where a taxpayer has not declared such income, Revenue strongly recommend that they do so immediately as continued non-compliance can become costly due to the possible application of interest and penalties on any outstanding tax amounts and, may lead to publication in the Quarterly Defaulter’s List, or possible prosecution in more serious cases.
