Written answers

Tuesday, 6 November 2012

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Independent)
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To ask the Minister for Finance if he will provide details of extra tax revenue that would be raised by placing a 5% levy on all income for people who earn in excess of €100,000 per annum, estimated by reference to 2012 incomes; and if he will make a statement on the matter. [48645/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2012 incomes, from imposing a further income levy of 5% on all income that is currently liable to the Universal Social Charge (USC) would be of the order of €920 million. The estimated yield is based on applying a 5% levy to all the income of income earners who earn in excess of €100,000, that is, to the income they earn below €100,000 as well as to the income earned above €100,000.

The figure is an estimate from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. It is, therefore, provisional and likely to be revised.

Photo of Gerald NashGerald Nash (Louth, Labour)
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To ask the Minister for Finance the amount raised in 2011 from the domicile levy; the amount raised in each year since its introduction; the number of persons who have paid the levy each year since 2009; and if he will make a statement on the matter. [48649/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the Domicile Levy was introduced by section 150 of the Finance Act 2010. Returns and payments in respect of the Domicile Levy for any tax year are made in the following year. In 2011, returns and payments in respect of the Domicile Levy for the tax year 2010 (the first year for which the levy applied) were made by 11 persons who paid a total of €1,667,011.

As the Domicile Levy return and payment date for the tax year 2011 is 15 November 2012 (for persons who file their income tax returns using the Revenue Online System (ROS)), it is not possible, at this stage, to provide full details of the number paying the levy or the yield for the tax year 2011.

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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To ask the Minister for Finance the level of tax generated by house sales for the Exchequer during 2008, 2009, 2010, 2011 and up to the end of September 2012; and if he will make a statement on the matter. [48716/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been provided by the Revenue Commissioners with information in relation to the amounts of value added tax on new housing and on the amounts of stamp duty on residential property for the years 2008 to 2012 to date. Based on data published by the Department of the Environment, Community and Local Government, the estimated yield of Value Added Tax from residential property transactions, which includes sales of new and social housing, is set out in the following table.

Year
VAT yield
EURm
2008
1,289
2009
652
2010
333
2011
159
2012*
141

The figures of yield from stamp duty on transfers of residential properties are set out in the following table.

YearEURm
2008445
2009150
2010107
201150
2012 (to end September)39 (Provisional)

As regards Capital Gains Tax, the precise information requested by the Deputy is not available.

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