Written answers
Tuesday, 26 April 2016
Department of Finance
Revenue Commissioners Investigations
Pearse Doherty (Donegal, Sinn Fein)
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102. To ask the Minister for Finance the details of the €2.8 billion the Revenue Commissioners recovered through their investigations into offshore accounts, including details of individual cases; details of the other financial product investigations that are contained in the €2.8 billion; and the corresponding amounts by year they occurred in tabular form. [8247/16]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the cumulative yield, to the end of 2015, from investigations into offshore accounts and other financial products is €2,808 million. A breakdown of that amount by investigation, for the years 1998 to 2004 inclusive and for each year from 2005 to 2015, is given in the following table.
| Investigation | 1998-2004 €m | 2005 €m | 2006 €m | 2007 €m | 2008 €m | 2009 €m | 2010 €m | 2011 €m | 2012 €m | 2013 €m | 2014 €m | 2015 €m | Total €m |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Offshore Assets | 713.2 | 83.5 | 55.3 | 54.1 | 29.0 | 18.3 | 7.96 | 10.59 | 12.81 | 14.87 | 9.46 | 8.22 | 1,017.31 |
| Bogus Non Resident Accounts | 562.2 | 47.0 | 15.5 | 10.1 | 4.1 | 7.7 | 1.32 | 0.61 | 0.52 | 0.02 | - | - | 649.07 |
| Life Assurance Products | - | 382.0 | 33.0 | 30.5 | 18.7 | 12.05 | 5.98 | 3.51 | 3.98 | 0.59 | 0.07 | .05 | 490.41 |
| Deposit Interest Retention Tax | 225.0 | - | - | - | - | - | - | - | - | - | - | - | 225.00 |
| Trusts & Offshore Structures | 17.58 | 19.02 | 4.12 | 5.94 | 3.53 | 14.98 | 52.17 | 117.34 | |||||
| Ansbacher | 45.4 | 10.35 | 10.67 | 35.2 | 2.47 | 3.21 | 0.14 | 2.0 | 3.25 | 0.08 | - | - | 112.77 |
| Interest Reporting | 21.0 | 55.3 | 8.70 | 2.12 | 2.19 | 0.26 | 0.29 | 0.51 | 90.37 | ||||
| National Irish Bank | 53.5 | 3.44 | 1.9 | 0.76 | 0.31 | 0.19 | 0.06 | - | - | - | - | 60.14 | |
| Tribunals | 25.75 | 10.44 | 3.21 | 1.58 | 0.06 | - | - | 1.76 | 0.27 | - | 2.69 | 45.76 | |
| Totals | 1,625.0 | 536.7 | 119.6 | 132.2 | 75.6 | 114.3 | 43.18 | 22.95 | 30.45 | 19.62 | 24.81 | 63.64 | 2,808.17 |
(Note: Minor differences in totals are due to rounding)
The Deputy will appreciate that the Revenue Commissioners are precluded, by the provisions of section 851A of the Taxes Consolidation Act 1997 relating to taxpayer confidentiality, from giving details of individual cases.
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