Written answers
Wednesday, 17 September 2014
Department of Finance
Tax Data
Róisín Shortall (Dublin North West, Independent)
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293. To ask the Minister for Finance the number of IT 38 forms filed with the Revenue Commissioners for the years 2010, 2011, 2012 and 2013. [34369/14]
Róisín Shortall (Dublin North West, Independent)
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294. To ask the Minister for Finance the number of IT 38 forms filed with the Revenue Commissioners in each of the years, 2010, 2011, 2012 and 2013, which referred only to gifts. [34370/14]
Róisín Shortall (Dublin North West, Independent)
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295. To ask the Minister for Finance the number of CA 24 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34371/14]
Róisín Shortall (Dublin North West, Independent)
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296. To ask the Minister for Finance the number of IT 32 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34372/14]
Róisín Shortall (Dublin North West, Independent)
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297. To ask the Minister for Finance the number of IT 4 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34373/14]
Róisín Shortall (Dublin North West, Independent)
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298. To ask the Minister for Finance the number of IT 4, IT 32, IT 38 and CA 24 forms examined by staff of the Revenue Commissioners with a view to carrying out an audit; the number of actual audits carried out; and the yield arising for each of the years 2008 to 2013 inclusive. [34374/14]
Róisín Shortall (Dublin North West, Independent)
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299. To ask the Minister for Finance the number of deceased persons in the State in each of the years 2008 to 2013 for whom no CAT return of any type was received. [34375/14]
Róisín Shortall (Dublin North West, Independent)
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300. To ask the Minister for Finance the total net value assets listed on form IT 38 returns on death only in each of the years 2008 to 2013. [34376/14]
Róisín Shortall (Dublin North West, Independent)
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301. To ask the Minister for Finance the total net value assets listed on forms IT 38 as gifts only in each of the years 2008 to 2013. [34377/14]
Róisín Shortall (Dublin North West, Independent)
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302. To ask the Minister for Finance the gross amounts listed on forms CA 24 filed with the Revenue Commissioners as property in the State passing under the will intestacy of the deceased and property outside the State passing under the will intestacy of the deceased for the years 2008 to 2013. [34378/14]
Róisín Shortall (Dublin North West, Independent)
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305. To ask the Minister for Finance if he will provide an analysis of the capital acquisitions tax take for the years 2010, 2011 and 2012, indicating the value of gifts or inheritances under the various thresholds and the tax take under each threshold. [34381/14]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 293 to 302, inclusive, and 305 together.
I am advised by the Revenue Commissioners that following changes introduced in the Finance Act 2010, a new computer system for dealing with CAT returns was put in place. With regard to information requested for years prior to 2010 which was stored on a legacy IT system, it has not been possible to provide all information in the level of detail requested by the Deputy.
The number of IT 38 forms filed with the Revenue Commissioners for and in the requested years of assessment is as follows:
| Year of assessment | Number of IT38 forms for the year | Number of IT38 forms filed in the year |
|---|---|---|
| 2010 | 18,684 | 11,545 |
| 2011 | 17,903 | 18,337 |
| 2012 | 15,183 | 18,478 |
| 2013 | 6,223 | 17,792 |
| Year of assessment | Number of IT38 forms for the year | Number of IT38 forms in the year |
|---|---|---|
| 2010 | 3,647 | 2,264 |
| 2011 | 4,013 | 3,626 |
| 2012 | 2,783 | 4,058 |
| 2013 | 947 | 3,623 |
| Year | Number of CA24's Filed |
|---|---|
| 2010 | 9,576 |
| 2011 | 13,548 |
| 2012 | 12,946 |
| 2013 | 12,484 |
| 2014 | 11,064 |
| Year | IT32 forms filed | IT4 forms filed |
|---|---|---|
| 2011 | 96 | 16 |
| 2012 | 105 | 25 |
| 2013 | 98 | 18 |
In the years 2008 to 2010 the Forms IT4, IT32, IT38 AND CA24 were paper based returns which were input on to Revenue's computer systems by Revenue staff. As part of this process, the returns were also manually screened and if Revenue staff identified any issues requiring further examination these were referred for possible audit. This approach continues to be the case for Forms IT4 and IT32.
Following the introduction of new IT systems in 2010, all of these returns are processed by Revenue's risk analysis computer systems and cases where issues are identified are referred for possible audit.
The number of CAT audits and the resulting yield for the years 2008 to 2013 is set out in the table below:
| Year | No of Audits | Yield |
|---|---|---|
| 2008 | 61 | 610,528 |
| 2009 | 52 | 1,119,030 |
| 2010 | 52 | 857,616 |
| 2011 | 51 | 886,266 |
| 2012 | 56 | 8,973,270 |
| 2013 | 77 | 2,857,829 |
| Totals | 349 | 15,304,538 |
The figures in the table below are the total net value assets listed on forms IT38 in each of the years 2008 to 2013 including returns on death and returns of gifts. Revenue is unable to differentiate between assets received on inheritance and by gift. The figures are drawn from returns filed after the changes produced by the Finance Act, 2010.
| - | 2008 €000 | 2009 €000 | 2010 €000 | 2011 €000 | 2012 €000 | 2013 €000 |
|---|---|---|---|---|---|---|
| Market value | 434,768 | 1,564,402 | 2,381,778 | 3,242,304 | 1,866,360 | 588,828 |
| Reliefs/exemptions | 21,878 | 83,018 | 145,034 | 243,958 | 109,535 | 29,329 |
| Expenses | 10,650 | 41,580 | 42,691 | 37,281 | 35,901 | 11,766 |
| Net value of assets | 402,240 | 1,439,803 | 2,194,053 | 2,961,066 | 1,720,923 | 547,733 |
The estimated breakdown of yield from Capital Acquisitions Tax (CAT) for the years in question is as follows:
| Year | Inheritance Tax €m | Gift Tax €m | Discretionary Trust Tax €m | *Probate Tax €m |
|---|---|---|---|---|
| 2010 | 186.2 | 46.8 | 3 | 0.5 |
| 2011 | 213.5 | 27.1 | 2.4 | 0.2 |
| 2012 | 254.3 | 25.8 | 2.9 | 0.2 |
Information regarding the value of gifts or inheritances under the various thresholds and the tax take under each threshold is not available. However on the basis of the taxable values of gifts or inheritances liable to tax, the breakdown of the 2010, 2011 and 2012 yields from Inheritance Tax and Gift Tax by Group Thresholds A, B and C are estimated as follows:
| Group threshold relationship to disponor | % of total Inheritance tax and Gift tax | - | - |
|---|---|---|---|
| 2010 | 2011 | 2012 | |
| A - Son/Daughter | 28 | 30 | 37 |
| B- Parent/Brother/ Sister/Niece/ Nephew/Grandchild | 51 | 51 | 46 |
| C - Relationship other than Group A or B | 21 | 19 | 17 |
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