Written answers

Tuesday, 19 July 2011

10:00 pm

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context

Question 139: To ask the Minister for Finance the number of direct and indirect jobs involved in the construction and refurbishment of hotels that qualified for tax incentives in the years 2004 to 2008; and if he will make a statement on the matter. [21108/11]

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context

Question 140: To ask the Minister for Finance the taxes raised for the Exchequer directly and indirectly in the construction and refurbishment of hotels that qualified for tax incentives in the years 2004 to 2008; and if he will make a statement on the matter. [21110/11]

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context

Question 141: To ask the Minister for Finance the annualised number of employees working in hotels whose construction and development was funded through tax incentives in the years 2004 to 2008; and if he will make a statement on the matter. [21111/11]

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context

Question 142: To ask the Minister for Finance the annual tax rates taken to the Exchequer from hotels whose construction and development was funded through tax incentives from 2004 to 2008; and if he will make a statement on the matter. [21116/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I propose to take Questions Nos. 139 to 142, inclusive, together.

As those claiming reliefs in relation to tax incentive schemes were not required to provide details of the hotels for which they were claiming benefits in their tax returns there is unfortunately no basis on which the information requested by the Deputy can be gained from Revenue records. Such information could only be gleaned in the context of a detailed review.

My Department is currently undertaking a public consultation on the "legacy" property-based tax relief schemes, which includes the scheme of accelerated capital allowances for hotels. The consultation is the first stage in a process to assess the possible impacts of reducing, capping and/or abolishing such schemes. This impact assessment, which will consider the economic impact of curtailing the costs to the State of outstanding or "legacy" reliefs, will provide more detailed information on these schemes (including the hotels scheme). It will give us a better understanding of the benefits that may accrue to the Exchequer in terms of additional tax yield as well as consequences for investor groups and the wider economy arising from possible changes to the treatment of property-based legacy reliefs.

Comments

No comments

Log in or join to post a public comment.