Richard Bruton (Dublin North Central, Fine Gael)

I move amendment No. 14:

In page 20, between lines 12 and 13, to insert the following:

"(a) by the insertion of a new subsection (1A) as follows:

"(1A) From the 1st of July 2009 when banks issue a statement of interest, they will show the amount deducted in Deposit Interest Retention Tax.".".

I tabled this amendment after being contacted by an individual who believes that bank statements of interest should contain a statement of the deduction of deposit interest retention tax. It is important that people who might be entitled to claim a refund should be aware of how much DIRT has been deducted. This proposal is also important in the interests of transparency. When one requests a certificate from the bank, the DIRT that has been deducted is, of course, shown on it. It seems reasonable to me that the deduction of DIRT should be shown on statements of interest as a standard provision. If one goes into a shop to buy a bar of chocolate, one will be able to tell how much VAT has been levied on it. This is not an unreasonable request.

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