Seanad debates

Thursday, 22 March 2012

Finance Bill 2012 (Certified Money Bill): Committee and Remaining Stages

 

3:00 am

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)

It could impose a big burden on ordinary PAYE workers. I had a conversation with the Chairman of the Revenue Commissioners on this issue. I was suggesting, in the first instance, that anybody with an income in excess of a certain amount, such as €70,000 per annum, would be required to make a tax return. We might see where we were going if we did it that way. It probably would not be a big imposition for the younger generation now that it is possible to file returns on-line, but it would be difficult for elderly people to have another form, running to 26 pages, arriving in the post. It would be another imposition on people. It is not central to our thinking but it has been considered and we have had conversations about it.

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