Tuesday, 9 October 2018

Ceisteanna (54)

Thomas P. Broughan

Ceist:

54. Deputy Thomas P. Broughan asked the Minister for Finance the estimated cost of all tax expenditure inclusive of the domicile levy and all other tax reliefs and credits; and if he will make a statement on the matter. [40745/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that the available information in respect of the cost of tax expenditures (credits, allowances and reliefs) is published on Revenue’s statistics webpage at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx.

My Department also publishes its own Report on Tax Expenditures each year, and I expect that the 2018 version will be published with the Budget 2019 documents today at www.gov.ie/budget.

I am also advised by Revenue that as the domicile levy is an annual charge of €200,000 levied and paid by relevant individuals, it is not a tax expenditure. It is payable by Irish domiciled persons with Irish situated property that is valued at greater than €5m, worldwide income that is in excess of €1m and Irish income tax in a year that was less than €200,000. The amount of the domicile levy may be offset against any Irish income tax arising for a relevant year of assessment.

The following table sets out the number of persons who have filed Domicile Levy returns and the amount collected since commencement. Returns for 2017 are due 31 October 2018.

Levy Year

Number of Returns

Amount Paid €million

2010

32

3.4

2011

33

3.9

2012

27

3.0

2013

20

2.1

2014

13

2.0

2015

13

2.4

2016

10

1.4

Total

148

18.2