Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

65. To ask the Minister for Finance the amount of revenue raised per quarter in 2013 from the 3% increase in capital gains tax introduced in Budget 2013. [39890/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The budget change referred to in the question was estimated to yield €50 million in 2013. However, I am informed by the Revenue Commissioners that figures of capital gains tax receipts are not captured in such a manner as would enable the impact of this change to be separately identified. It may be noted that as this change applied to disposals made after 5 December, 2012 the bulk of capital gains tax receipts affected by the change are not due for payment until 15 December, 2013.

Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

66. To ask the Minister for Finance the amount of revenue raised per quarter in 2013 from the 3% increase capital acquisitions on gifts and inheritances introduced in Budget 2013. [39891/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The budget change referred to in the question was estimated to yield €20 million in 2013. However, I am informed by the Revenue Commissioners that figures for capital acquisitions tax receipts are not captured in such a manner as would enable the impact of this change to be separately identified. It may be noted that as this change applies to gifts or inheritances taken after 05 December 2012 the bulk of capital acquisitions tax receipts affected by the change are not due for payment until 31 October 2013, or 14 November 2013 where returns and payment are made through Revenue On-Line System.

Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

67. To ask the Minister for Finance the amount of revenue raised per quarter in 2013 from the reduction of group tax free thresholds for gifts and inheritances introduced in Budget 2013. [39892/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The budget change referred to in the question was estimated to yield €10 million in 2013. However, I am informed by the Revenue Commissioners that figures of capital acquisitions tax receipts are not captured in such a manner as would enable the impact of this change to be separately identified. It may be noted that as this change applies to gifts or inheritances taken after 05 December 2012 the bulk of capital acquisitions tax receipts affected by the change are not due for payment until 31 October 2013, or 14 November 2013 where returns and payment are made through Revenue On-Line System.

Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

68. To ask the Minister for Finance the amount of revenue raised per quarter in 2013 from the 3% increase in DIRT tax introduced in Budget 2013. [39893/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Budget change referred to in the question was estimated to yield €50 million in 2013. The yield from Deposit Interest Retention Tax (DIRT) is influenced by a number of factors, such as changes in the level of deposits held in financial institutions and interest rates, as well as budgetary changes in the tax rate. I am informed by the Revenue Commissioners that figures for DIRT tax receipts are not compiled in such a manner as would identify the impact of the Budget 2013 change in the tax rate to be separately identified. The increase in Budget 2013 did not have any effect on the January 2013 DIRT payment, since that related to interest payments in the last quarter of 2012, before the increase took effect.