Written answers

Friday, 6 September 2019

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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92. To ask the Minister for Finance the estimated first and full year cost of waiving PRSI and USC on interest earned from lending through crowdfunding for all crowdfunding loans and for crowdfunding loans to just SMEs, respectively; and if he will make a statement on the matter. [35293/19]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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93. To ask the Minister for Finance the number of taxpayers in a year who have received income by way of interest from loans given through crowdfunding platforms based on the most recent tax data available; the amount of income tax, USC and PRSI paid on that income; and if he will make a statement on the matter. [35294/19]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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94. To ask the Minister for Finance the number of taxpayers in a year who have lent to SMEs here through crowdfunding platforms based on the most recent tax data available; the amount of income tax, USC and PRSI paid by these taxpayers; and if he will make a statement on the matter. [35295/19]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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95. To ask the Minister for Finance the average loan size per taxpayer lent through crowdfunding platforms based on the latest tax data available; the average loan size for SME loans; and if he will make a statement on the matter. [35296/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 92 to 95, inclusive, together.

I am informed by Revenue that there is no requirement to report interest on crowdfunding loans separately to other interest on tax returns, or for investors to report details of loans made via crowdfunding in their income tax returns. Therefore, there is no basis on which to provide the information sought.

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