Written answers
Wednesday, 25 May 2016
Department of Finance
Tax Clearance Certificates
Michael D'Arcy (Wexford, Fine Gael)
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89. To ask the Minister for Finance the loan threshold amount before a C2 or tax clearance certificate is required for loan approval with a the credit union. [11994/16]
Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has informed me that credit unions are not required to specify the loan threshold amount before a Tax Clearance Certificate is required for loan approval. In general, a credit union's credit policy, including how a credit union assesses creditworthiness or a member's capacity to repay is a matter for each individual credit union, taking account of relevant legal and regulatory requirements and guidance and a Tax Clearance Certificate may be required as part of this process.
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