Written answers

Thursday, 12 March 2015

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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116. To ask the Minister for Finance if he will provide an update on the initiative by the Revenue Commissioners to ensure tax compliance among pensioners in 2012, following on from the 150,000 letters issued by the Revenue Commissioners in early January 2012; the number of the 150,000 pensioners who had an additional tax liability; if the budget day estimate of an additional €45 million revenue in 2012 from the initiative was accurate; and if he will make a statement on the matter. [11023/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware from my reply to Question No. 121 on 19 December 2013 that the Revenue Commissioners have previously confirmed that approximately €65 million in extra tax has been secured for the Exchequer from the taxpayers concerned for the year 2012.   

By way of update, I am also advised by the Commissioners that as a result of their compliance programme on taxpayers who had not previously declared their Department of Social Protection payments for the years prior to 2012, an additional liability of approximately €28.5 million in tax, interest and penalties has been secured from the highest risk cases.

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