Dáil debates

Tuesday, 24 January 2023

Ceisteanna Eile - Other Questions

Tax Rebates

11:00 pm

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I thank the Minister for the details. Clearly, the message has to be put out loud and clear that it is quite possible to have overpaid and that people should check to see whether they can claim back on their funds. That is needed now more than ever, even if just to pay ordinary household bills. It is very possible to be eligible to claim back anywhere between €500 to €1,000, and maybe more, for many people.

I understand that tax can be claimed back for up to four years after it has been paid when returns are being made. What happens after those four years? Revenue sets aside funds each year for people to claim back and it knows those funds are their money. At the end of the four years, what becomes of the funds? Everybody knows they are not Revenue's funds or anybody else's other than the individual taxpayer's. Are they held in some kind of dormant account whereby people can at some point claim back their own funds or what has become of them? It should be accessible to people.

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