Written answers

Tuesday, 3 February 2009

9:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 185: To ask the Minister for Finance his views on extending tax relief to cover the payment by employers on behalf of their employees of two commuter tickets per working day in view of the fact that such commuter ticket options are considerably cheaper than the monthly or annual unlimited travel tickets; and if he will make a statement on the matter. [3021/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The extension of the scheme in this way would have cost implications for the Exchequer. It would also place an additional administrative burden on the Revenue Commissioners, the transport companies concerned and, in particular, on the employers who participate in the scheme. One of the advantages of the scheme as it currently stands is that it is well controlled, easily administered and reasonably well targeted. While its operation is continuously monitored there are no plans at present to modify or extend it.

Photo of Frank FeighanFrank Feighan (Roscommon-South Leitrim, Fine Gael)
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Question 186: To ask the Minister for Finance the reason the dirt rate on annual deposits maturing on 15 January 2009 is charged at 23% when the prevailing rate from 15 January 2008 until 31 December 2008 for the greatest part of the term was 20%. [3049/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Deposit Interest Retention Tax is deducted at source by deposit takers (e.g. Banks, Building Societies, Credit Unions, Post Office Savings Bank, etc.) from interest paid or credited on deposits of Irish residents. The rate of tax deducted is determined by the relevant legislation in force at the time the interest is paid or credited. As such, the period over which the interest accrued is not relevant for the purposes of applying the tax.

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