Written answers
Thursday, 2 June 2016
Department of Finance
Tax Yield
Michael McGrath (Cork South Central, Fianna Fail)
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150. To ask the Minister for Finance the cumulative yield from the levy on private pension funds; if all outstanding levies due have now been collected; and if he will make a statement on the matter. [14222/16]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that the yield for all relevant years from the Stamp Duty levy on pension schemes is as set in the following table.
Year | Yield €m |
---|---|
2011 | 463 |
2012 | 483 |
2013 | 535 |
2014 | 743 |
2015 | 169 |
Total | 2,393 |
For each year of the levy, Revenue has an on-going compliance programme to ensure the "chargeable persons" have included all scheme assets in the statements required to be submitted; that the assets have been correctly valued in the statements; and that outstanding payments, if any, are collected.
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