Written answers

Wednesday, 14 May 2014

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Independent)
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62. To ask the Minister for Finance the extent to which the expected yield from domestic water charges in 2015 affects the necessary budgetary adjustment in budget 2015. [21639/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As revenue arising from water charges will go to Irish Water, a State owned commercial company, it will not benefit the Exchequer or count as general government revenue.  Accordingly, it is not relevant to the calculation of the general government deficit for 2015.

The establishment of Irish Water is a long-term investment project to deliver the necessary water services infrastructure and quality of services required to meet statutory compliance and demographic need.  After the transitional phase in the establishment of Irish Water, the company's operational and capital costs of development of water and waste infrastructure will be funded from its revenue and own resources, which implies lower ongoing costs and borrowing needs for the State in the longer term.

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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63. To ask the Minister for Finance the amount of tax relief paid in respect of mortgage interest in the case of a person (details supplied) in County Kildare since 2010 to date in 2014; and if he will make a statement on the matter. [21643/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that it administers mortgage interest relief (MIR) in respect of qualifying loans through the tax relief at source (TRS) system. I am further advised that the amounts due are paid via the relevant lending institutions. With regard to the case to which the Deputy refers, I am informed that in 2010 Revenue received notification from the persons' lender that all qualifying loans in respect of which MIR had been granted were fully cleared. On that basis the MIR entitlement was ceased and Revenue has no record of any further applications from the persons. If the persons are of the opinion that further MIR was due since 2010 they should make contact with the TRS helpline at 1890 463626 to clarify the issue.

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