Joan Burton (Dublin West, Labour)
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236. To ask the Minister for Finance the number of new applications to be assessed under section 110 of the Taxes Consolidation Act 1997 received by the Revenue Commissioners in 2017 and 2018. [1487/19]

Joan Burton (Dublin West, Labour)
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237. To ask the Minister for Finance the number of companies assessed under section 110 of the Taxes Consolidation Act 1997 in 2016 and 2017; the number that submitted returns; the number which failed to do so; and the number of prosecutions taken by the Revenue Commissioners against those that failed to do so. [1488/19]

Joan Burton (Dublin West, Labour)
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238. To ask the Minister for Finance the number of active companies assessed under section 110 of the Taxes Consolidation Act 1997 that have Russian connections. [1489/19]

Joan Burton (Dublin West, Labour)
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239. To ask the Minister for Finance the number of active companies assessed under section 110 of the Taxes Consolidation Act 1997 involved in aircraft leasing. [1490/19]

Joan Burton (Dublin West, Labour)
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240. To ask the Minister for Finance the number of active companies assessed under section 110 of the Taxes Consolidation Act 1997 which have Chinese connections. [1491/19]

Joan Burton (Dublin West, Labour)
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241. To ask the Minister for Finance the number of active companies assessed under section 110 of the Taxes Consolidation Act 1997 which were audited in 2017 and 2018 for reasons other than for VAT. [1492/19]

Joan Burton (Dublin West, Labour)
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242. To ask the Minister for Finance the number of active companies assessed under section 110 of the Taxes Consolidation Act 1997 which in 2016 and 2017 held Irish resident assets, whether loans or other securities or physical property. [1493/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 236 to 242, inclusive, together.

I am advised by Revenue that the number of notifications received from companies that they are qualifying companies for the purposes of section 110 of the Taxes Consolidation Act 1997 (“TCA”) in each of the years 2017 and 2018 is as follows:

There have been no prosecutions of section 110 companies for failure to file returns. Revenue’s normal approach is to impose of a surcharge for the late or non-filing of a tax return, including financial statements, under section 1084 TCA 1997 rather than pursuing a criminal prosecution under the provisions of section 1087 of the TCA 1997.

I am advised by Revenue that there is no legal requirement for information regarding “connected parties” or whether the company is engaged in aircraft leasing or any other activity to be included on the corporation tax returns submitted by taxpayers.Therefore, Revenue is not in a position to provide the information requested by the Deputy regarding the number of section 110 companies with Russian or Chinese connections or the number engaged in aircraft leasing.

Revenue undertake compliance interventions in a number of forms, including audits, profile interviews and aspect queries. I am advised by Revenue that one audit was completed in respect of a section 110 company in 2018 for reasons other than VAT. No additional liabilities arose from that audit. The number of compliance interventions of all types (non-VAT related) completed during 2017 and 2018 is as follows: