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Tuesday, 25 Jul 2023

Written Answers Nos. 321-335

Departmental Communications

Questions (321)

Brendan Smith

Question:

321. Deputy Brendan Smith asked the Minister for Finance if his Department, and all agencies under the remit of his Department, have their telephone contact details on their websites and on other media platforms; if all stationery and headed notepaper used in correspondence with the public contain relevant phone contact details, taking into account that everybody is not in a position to correspond by e-mail; and if he will make a statement on the matter. [36695/23]

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Written answers

The telephone contact details of my Department are listed on the homepage of the Department’s website in accordance with the gov.ie guidelines. While the Department’s social media pages, Twitter and LinkedIn do not list the telephone contact details, both link to the homepage of the website. The stationery/headed notepaper used in correspondence with the public includes the main phone number for the Department (01 6767571). In addition, my Department’s Customer Charter, which is available on the Department's website, contains contact details for areas that deal with a range of matters such as accessibility, complaints and freedom of information requests.

The bodies under the aegis of my Department have provided the information requested below.

The Central Bank website, headed notepaper and compliment slips all contain the Bank’s telephone number. The Bank’s social media channels contain their phone number, where there is an option to include one, in addition to containing prominent links to the Central Bank website, which contains their phone number. The Central Bank’s Customer Charter, which is available on its website, contains a list of telephone contact details for areas that deal directly with the public on a range of matters such as accessibility, complaints, central credit register, freedom of information and data protection requests.

The Credit Review Office’s Helpline telephone contact details are included on its website and on all correspondence documentation with the public. Specific mobile phone contact details for Head and Deputy are on their email signatures.

Home Building Finance Ireland’s telephone contact details are available on its website, headed notepaper, stationery and the media platform it uses (LinkedIn).

The Investor Compensation Company (ICC) DAC website displays its contact telephone phone number and other contact information prominently.  Most of its external communications are conducted via email which would invariably include telephone contact information. The ICC is in the process of updating headed stationery to incorporate these contact details.

The Irish Fiscal Advisory Council’s telephone contact details are included on headed note paper, stationery and email signatures and are also published on its website and social media accounts.

The telephone contact details of the Irish Financial Services Appeals Tribunal are on its website and on the stationery and headed notepaper used in contact with the public. The Tribunal has no media platforms. 

The Office of the Comptroller and Auditor General discloses the phone number on its website and other official media platforms as well as on stationery and headed paper used in official correspondence.

The Disabled Drivers Medical Board of Appeal (DDMBA) operates through The National Rehabilitation Hospital; its telephone contact details are available on the Hospital’s website and on official correspondence. It is worth noting that while requests for appeals hearings are being accepted by the Secretary to the Board, the DDMBA is not operational at present.

The homepage of the Financial Services and Pensions Ombudsman’s website includes the details of all available communication channels, including its postal address, main telephone number and contact email address. Its Facebook page includes its address and contact telephone number. Stationery, including letter headed paper used in correspondence, contains the FSPO’s address, telephone number, email address and website details.

Revenue’s website provides telephone contact details for all its services. For taxpayers who may not be sure what number to contact, the website includes a Contact Finder. This enables taxpayers to obtain the details of the most appropriate contact point in the organisation by entering a Personal Public Service Number. In line with Public Service Reform 2030, Revenue encourages customers to engage online where possible and facilitates taxpayers to manage their tax affairs through secure, user-friendly online services. Revenue headed paper normally includes address details and the letters are tailored to provide further contact details, including telephone numbers where relevant for the specific area dealing with the issue in question. Revenue is mindful of customers who cannot engage online and provides a number of alternative service channels, such as Telephone, Appointment and Virtual Appointment services, to these customers. Revenue also provides an Access Officer service; Access Officers are responsible for providing or arranging for assistance and guidance to persons with disabilities accessing services provided by Revenue.

On the website of the Strategic Banking Corporation of Ireland, the main telephone number and info email address are available. The phone number and info email address are also present on its Facebook and Instagram accounts. On its YouTube channel, the SBCI info email is available, together with the link to its website where all contacts are provided. On the SBCI Twitter and LinkedIn accounts, there is the link to its website where all contacts are provided. The letterheads do not currently include a general telephone contact number. Where appropriate, those signing the letters include their own contact number details

The Tax Appeals Commission’s telephone contact details are disclosed on its website and on all stationery and letter-headed paper used in correspondence.

The telephone contact details of the National Asset Management Agency are available on its website. While NAMA does not typically issue correspondence to members of the public, the telephone number is included on its headed paper and in published materials such as the Annual Report and End of Year Review. NAMA does not use social media platforms.

The National Treasury Management Agency’s telephone contact details are available on its website, headed notepaper, stationery and the media platform in use by the NTMA (LinkedIn).

The Credit Union Advisory Committee is an advisory committee set up to advise the Minister for Finance in relation to credit union matters and any potential interaction with members of the public would be carried out on behalf of the Committee by officials of my Department. The Committee’s letterhead has the Department’s postal address as the contact.  Since its establishment, the Committee has had little or no interaction with members of the public.

The Credit Union Restructuring Board concluded its restructuring work on 31 March 2017. It was operationally wound down on 31 July 2017 and is awaiting final dissolution.

The Irish Bank Resolution Corporation does not have a website and all matters are dealt with by the Special Liquidators.

Rail Network

Questions (322)

Seán Sherlock

Question:

322. Deputy Sean Sherlock asked the Minister for Finance the engagement he has had with the Minister for Transport regarding a project (details supplied) to date in 2023, including any meetings held in Government Buildings on the matter and the details of those present. [36839/23]

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Written answers

I have had no formal meetings with the Minister for Transport to date in 2023 specifically concerning this project. However, as the Deputy would expect, Minister Ryan and I discuss a wide range of transport-related issues informally on an ongoing basis including the Luas-style light rail system planned for Cork City as part of the Cork Metropolitan Area Transport Strategy.

Arts Centres

Questions (323)

Seán Sherlock

Question:

323. Deputy Sean Sherlock asked the Minister for Finance the engagement he has had with the Minister for Housing, Local Government and Heritage regarding a project (details supplied) to date in 2023, including any meetings held in Government Buildings on the matter and the details of those present. [36840/23]

View answer

Written answers

I have had no official engagement with the Minister for Housing, Local Government and Heritage to date in 2023 regarding this project. As the Deputy will be aware from updates provided by the local authority, detailed design work has been ongoing in respect of this project in recent months.

Tax Credits

Questions (324, 331, 338)

Ivana Bacik

Question:

324. Deputy Ivana Bacik asked the Minister for Finance how many students have claimed the rent tax credit; how many in total overall have claimed the tax credit to date; the estimated first-year and full-year cost of increasing that to €1,000 for students and then for all; and if he will make a statement on the matter. [36891/23]

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Cian O'Callaghan

Question:

331. Deputy Cian O'Callaghan asked the Minister for Finance if he will provide updated figures of the number of people who have claimed the renter's tax credit to date; and if he will make a statement on the matter. [37051/23]

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Ivana Bacik

Question:

338. Deputy Ivana Bacik asked the Minister for Finance the number of renters who have claimed the renter's credit. [37075/23]

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Written answers

I propose to take Questions Nos. 324, 331 and 338 together.

The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025.

Claims in respect of the 2022 year of assessment can be made by PAYE taxpayers by submitting an Income Tax return for that year. For claims relating to 2023, PAYE taxpayers have the option of claiming the rent tax credit due to them either throughout the year as rent is incurred or at the end of the year through their Income Tax return.

I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by PAYE taxpayers for the 2022 tax year and the 2023 tax year to-date. Data on claims by self-assessed taxpayers is not yet available as these taxpayers’ returns are generally submitted later in the year. The statutory filing date for the 2022 tax return for self-assessed taxpayers is 31 October 2023.

Rent Tax Credit claims made are on a ‘taxpayer unit’ basis. A taxpayer unit is either an individual with any personal status who is singly assessed or a couple in a marriage or civil partnership who have elected for joint assessment.

I am further advised that over 269,052 Rent Tax Credit claims have been made by 240,857 taxpayer units up to and including the 19th July 2023, consisting of:

(i) 200,254 taxpayer units that made claims for 2022 only,

(ii) 28,195 taxpayer units that made claims for both 2022 and 2023, and

(iii) 12,408 taxpayer units that made claims for 2023 only.

In relation to students who have claimed the rent tax credit, the Revenue Commissioners have advised it is not possible to identify students who have claimed the Rent Tax Credit as separate from other taxpayers who have claimed this credit. 

In relation to costings, the Department of Finance has opened its pre-budget costings service, this is available with effect from 3 July 2023.  The procedures for availing of this service are set out in a letter dated 3 July 2023 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann.  To ensure efficiency and fairness all, costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.

Insurance Industry

Questions (325)

Brendan Smith

Question:

325. Deputy Brendan Smith asked the Minister for Finance if he has had recent contact with insurance companies regarding the widespread concerns of homeowners in relation to the escalating costs of home insurance premiums; and if he will make a statement on the matter. [36978/23]

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Written answers

I am aware that the cost of home insurance may be rising for some consumers. As the Deputy will appreciate, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive).

Notwithstanding this, my officials engage regularly with Insurance Ireland on a range of consumer issues, including the cost of home insurance. According to Insurance Ireland, costs for building materials, energy, labour costs and other operational costs are increasing, due to inflation. Insurance Ireland has advised that these factors have an impact on the overall cost of rebuilds, repairs, and replacement claims, which is reflected in home insurance premiums (although costs of repairs and materials are only some of the factors in the assessment of risk and calculation of premiums).

In this regard, I note that the latest CSO Wholesale Price Index for June 2023 illustrates that the cost of building and construction ‘materials’ was 35.8 per cent higher compared to January 2021. As construction costs generally increase, rising rebuild and repair costs can be expected to impact upon home insurance premiums. According to the CSO Consumer Price Index for June 2023, the price of ‘insurance connected with the dwelling’ rose by 21.5 per cent in the year, and was 19.8 per cent higher than in January 2021, although it did reduce slightly month-on-month.

The Government is keenly aware of the impact that insurance costs can have on many groups – including homeowners - and has therefore prioritised reform of this sector via the whole-of-Government insurance reform agenda. As part of her ongoing engagement with the industry, Minister of State Carroll MacNeill will be meeting with the CEOs of the main insurers in the Irish market again in the autumn. I understand that the cost of home insurance will be a key issue raised at those meetings. 

With respect to home insurance, a significant Action Plan deliverable has been the Central Bank’s ban on price walking, which will protect customers who prefer to stay with their current home insurer from being subject to an unfair ‘loyalty penalty’.

Significantly, the design of the price walking ban means that consumers can still benefit from ‘new business’ discounts by changing insurer. It is therefore important for policyholders to compare with other providers to ascertain if they can get a better consumer-focused deal by switching.

Insurance Ireland has detailed advice around home insurance and the benefits of shopping around on its consumer website, www.understandinginsurance.ie. This website also contains information on what affects insurance quotes and the factors impacting premiums, including calculation of rebuilding costs and the effect of inflation, which may be useful to consumers.

Tax Yield

Questions (326, 333, 334, 335, 336, 337)

Eoin Ó Broin

Question:

326. Deputy Eoin Ó Broin asked the Minister for Finance the estimated revenue that would be raised by increasing the electricity tax on large energy users to €2, €5, €10 and €20 per MW hour, in tabular form. [36991/23]

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Eoin Ó Broin

Question:

333. Deputy Eoin Ó Broin asked the Minister for Finance how much revenue would be raised by removing the tax exemption for heavy oil (jet fuel) used for domestic commercial aviation under section 97B of the Finance Act 1999, and applying various rates, including a full MOT rate per 1,000 litres, in tabular form. [37055/23]

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Eoin Ó Broin

Question:

334. Deputy Eoin Ó Broin asked the Minister for Finance how much revenue would be raised by removing the tax exemption for heavy oil (jet fuel) used for domestic commercial aviation under section 97B of the Finance Act 1999, excluding PSO supported routes and applying various rates, including a full MOT rate per 1,000 litres, in tabular form. [37056/23]

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Eoin Ó Broin

Question:

335. Deputy Eoin Ó Broin asked the Minister for Finance how much revenue would be raised by removing the partial relief light oil (aviation gasoline) used for domestic commercial aviation under section 100(2)(b) of the Finance Act 1999 and applying various rates including, a full MOT rate per 1,000 litres, in tabular form. [37057/23]

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Eoin Ó Broin

Question:

336. Deputy Eoin Ó Broin asked the Minister for Finance how much revenue would be raised by increasing the rate of tax on heavy oil (jet fuel) used for private pleasure flying and light oil (aviation gasoline) used for private pleasure flying by 25%, 50%, 100%, in tabular form. [37058/23]

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Eoin Ó Broin

Question:

337. Deputy Eoin Ó Broin asked the Minister for Finance how much revenue would be raised by removing all non-mandatory reliefs on aviation fuels except for those which would require a bilateral arrangement between member states or a third country, in tabular form. [37059/23]

View answer

Written answers

I propose to take Questions Nos. 326, 333, 334, 335, 336 and 337 together.

The Department of Finance opened its pre-budget costings service with effect from 3 July 2023. The procedures for availing of this service are set out in a letter dated 3 July 2023 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.

Tax Reliefs

Questions (327)

Eoin Ó Broin

Question:

327. Deputy Eoin Ó Broin asked the Minister for Finance what evidence is accepted by the Revenue Commissioner to demonstrate electricity generated from renewable sources in order to avail of relief from the electricity tax; and if guarantees of origin are acceptable evidence. [36993/23]

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Written answers

Ireland’s taxation of fuel and electricity is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel and electricity with which all Member States must comply. The ETD provisions regarding taxation of electricity are transposed into national law in Chapter 1 of Part 2 of Finance Act 2008 (as amended). This provides for the application of an excise duty, in the form of Electricity Tax, on electricity supplied to consumers in the State. Liability rests with the suppliers and returns are filed annually. The current rate of Electricity Tax is €1.00 per megawatt hour which is one of the lowest excise rates on electricity in the EU.

Article 15 of the ETD allows Member States to fully or partially relieve supplies of electricity generated from renewable sources. Ireland has opted to fully exempt electricity of solar, wind, wave, tidal or geothermal/hydraulic origin, along with electricity produced from biomass or from products produced from biomass.  The relief from Electricity Tax for electricity generated from renewable sources is set out in section 63 of the Finance Act 2008 (as amended).  

I am advised by Revenue that the relief is operated by way of remission in the first instance, with provision for repayment where tax was overpaid in respect of exempted supplies. Electricity Tax is a self-assessed tax and suppliers claiming relief by way of remission on annual returns, or by way of repayment, must sign relevant declarations regarding the factual accuracy of all details provided. As is the norm with self-assessed taxes, remission claimed on returns and claims for repayment are subject to compliance interventions on a risk basis. I am further advised by Revenue that suppliers are required to retain records and documentation to be able to demonstrate that electricity supplies on which relief has been claimed, meets the relevant criteria prescribed in law.

The Electricity Tax Regulations 2008 (S.I. No. 385 of 2008) set out requirements for record keeping in relation to Electricity Tax. Schedule 2 to these regulations deals with specified records. Point 4 of Schedule 2 would encompass the types of records that a supplier would need to maintain in relation to electricity supplied to consumers in the State where it is claimed to have been generated from renewable sources, i.e. records relating to payment of tax and any claim for relief from, or repayment of, tax. These records would be examined in detail by Revenue in the course of any compliance intervention in respect of Electricity Tax. Guarantees of Origin are not specified records for the purposes of Electricity Tax. Full details on Electricity Tax are available on the Revenue website at www.revenue.ie/en/companies-and-charities/excise-and-licences/energy-taxes/electricity-tax/index.aspx.

The Deputy may be aware that regulation of the electricity market in the State, which is the responsibility of the Commission for Regulation of Utilities (CRU), requires electricity suppliers to show the sources of electricity they supply to customers on their bills as well as publishing Fuel Mix Disclosures that show the mix of fuel used for electricity production. Compliance in this area is a matter for CRU.  Guarantees of Origin are electronic documents that are used to certify that a quantity of electricity was produced from renewable sources.  Guarantees of Origin are issued in the State by the Single Electricity Market Operator (SEMO) and they are tradeable across the EU, as required by EU law. Issuing and trading of Guarantees of Origin are transactions that fall within the electricity market regulatory framework overseen by CRU. It is important to note that the electricity market regulatory framework operates independently of Electricity Tax law.  It is also important to note that  Guarantees of Origin do not necessarily follow the flow of electricity. To supplement the electricity sourced in the State, Irish suppliers can buy additional Guarantees of Origin to certify that a greater share of their electricity demand is covered by renewable sources. This means that verified “green” electricity supplied in Ireland can be sourced from electricity physically produced in other EU countries. It also means that the fuel mix reported by Irish electricity suppliers can have a higher percentage share of renewable energy sources than exists in the actual physical generation distributed to end customers via the grid in Ireland.

Departmental Schemes

Questions (328)

Brendan Smith

Question:

328. Deputy Brendan Smith asked the Minister for Finance when appeal hearings will commence again for applicants under the drivers and disabled passengers (tax concessions) scheme 1994; if he will ensure that such appeals can resume without further delay taking into account the very large number of appellants waiting for an appeal hearing; and if he will make a statement on the matter. [37041/23]

View answer

Written answers

Following the resignation of all previous members of the Disabled Drivers Medical Board of Appeal (DDMBA) in November 2021, I had hoped that a new DDMBA would have been established by now and that the appeals process would have recommenced.

You should note that five members are legislatively required for a functional Board, however the recruitment of these members has proved to be challenging. In this regard, four expressions of interest campaigns have been organised by the Department of Health – 3 of them in 2022, and one in April to replace a previously nominated person. The necessary 5 members have been nominated by the Minister for Health, with Garda vetting currently being undertaken for the most recently nominated candidate – this process was completed for the other four candidates at the start of the year.

An added complication to the recommencement of the appeals process is that in February 2023, the National Rehabilitation Hospital (NRH) (the body that has hosted the DDMBA since 2000) indicated their intention to withdraw their services with immediate effect. Finance and Health officials have been actively seeking to implement new arrangements since, including engaging with the NRH. Some progress has been made on this matter insofar as the NRH has indicated a willingness to once again host the DDMBA and my Department is working actively with it to ensure that issues in relation to the processing of funding are addressed so that the consideration of appeals can be quickly resumed. It is important to note that requests for appeal hearings can still be sent to the DDMBA secretary based in the NRH.

Assessments for the primary medical certificate, by the HSE, are continuing to take place. In this regard, an important point to make is that even though there has been no appeal mechanism since the previous Board resigned, applicants who have been deemed not to have met one of the six eligibility criteria required for a PMC are entitled to request another PMC assessment six months after an unsuccessful PMC assessment.

I have no role in relation to the granting or refusal of PMCs and the HSE and the Medical Board of Appeal must be independent in their clinical determinations.

Housing Provision

Questions (329)

Jim O'Callaghan

Question:

329. Deputy Jim O'Callaghan asked the Minister for Finance the total number of residential dwellings purchased since July 2020; and the total number of first-time buyers who have purchased residential dwellings, by county, in tabular form. [37045/23]

View answer

Written answers

The Central Statistics Office (CSO) compiles monthly statistics on the volume of purchases of residential property, together with the monthly Residential Property Price Index (RPPI). The tables on volume of transactions by the CSO include a breakdown of the number of dwellings purchased by type of buyer.

The latest RPPI statistics available are for May 2023 and the following two tables provide information from July 2020 to May 2023.

Table 1 shows the total number of residential dwellings purchased at market prices in the six months from July 2020 to December 2020, 2021, 2022 and the five months between January and May 2023.   In the period July 2020 through to May 2023 a total of 170,220 dwellings were purchased.

Table 2 shows the total number of residential dwellings purchased by first-time buyers at market prices in the six months from July 2020 to December 2020, 2021, 2022 and the five months between January and May 2023. In the period July 2020 through to May 2023 a total of 44,693 dwellings were purchased by first-time buyers.

Table 1: Number of residential dwellings purchased at market prices from July 2020 to May 2023 classified by year and county.

County

July 2020 - December 2020

2021

2022

January 2023 - May 2023

All Counties

29,171

58,057

62,999

19,993

Carlow

320

717

664

217

Dublin

9,537

18,050

20,767

6,605

Kildare

1,753

3,660

4,289

1,251

Kilkenny

442

911

905

287

Laois

418

1,086

1,044

437

Longford

212

552

485

156

Louth

823

1,735

1,713

543

Meath

1,376

2,560

2,819

833

Offaly

355

744

882

274

Westmeath

502

1,044

1,128

373

Wexford

1,124

2,026

2,218

728

Wicklow

1,063

2,122

2,332

714

Clare

600

1,270

1,277

408

Cork

2,932

5,872

6,322

2,181

Kerry

787

1,568

1,549

450

Limerick

1,039

2,131

2,342

652

Tipperary

737

1,438

1,536

488

Waterford

795

1,633

1,777

568

Galway

1,324

2,585

2,645

897

Leitrim

245

488

499

143

Mayo

668

1,387

1,360

397

Roscommon

374

808

818

256

Sligo

362

861

870

245

Cavan

388

857

810

253

Donegal

799

1,560

1,478

477

Monaghan

196

392

470

160

Table 2: Number of residential dwellings purchased by first-time buyers at market prices from July 2020 to May 2023 classified by year and county

County

July 2020 - December 2020

2021

2022

January 2023 - May 2023

All Counties

7,510

14,780

16,584

5,819

Carlow

62

172

178

48

Dublin

2,559

4,736

5,241

1,872

Kildare

653

1,291

1,563

624

Kilkenny

108

194

238

89

Laois

125

376

355

154

Longford

39

120

102

44

Louth

200

392

503

158

Meath

515

924

999

299

Offaly

87

200

268

88

Westmeath

91

246

278

107

Wexford

169

344

454

150

Wicklow

309

523

646

164

Clare

144

308

306

113

Cork

888

1,778

1,897

718

Kerry

130

241

260

105

Limerick

233

479

552

193

Tipperary

162

319

387

121

Waterford

160

320

403

149

Galway

310

623

685

243

Leitrim

35

81

84

18

Mayo

150

313

267

77

Roscommon

77

166

182

64

Sligo

77

163

180

46

Cavan

80

208

199

66

Donegal

114

186

230

67

Monaghan

33

77

127

42

Tax Collection

Questions (330)

Cian O'Callaghan

Question:

330. Deputy Cian O'Callaghan asked the Minister for Finance if he will provide an update on the Revenue Commissioners' review into the decline in taxes paid by Irish real estate funds; and if he will make a statement on the matter. [37050/23]

View answer

Written answers

I am advised by Revenue that the review referred to is on-going. The analysis involves detailed examination, evaluation and comparison of tax returns and financial statements for a number of years. The work is complex, and the review has encompassed an assessment of a range of risk factors by way of compliance interventions involving individual taxpayers/businesses. Given the complexity of the work involved, it is anticipated that the review, encompassing the different facets outlined, will continue until at least the end of 2023.

It may be of interest to the Deputy that, on 22 June 2023, I published a public consultation document as part of a review of Ireland’s funds sector, entitled “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets”. This review will look at a range of issues, which are set out in the published Terms of Reference, including examining the tax regimes (i.e. both the IREF WHT regime and the associated income tax anti-avoidance regime) applying to IREFs.

The public consultation period will run until 15 September 2023.  Further information is available on my Department's website at the following link: gov.ie/en/consultation/2a28f-public-consultation-funds-sector-2030-a-framework-for-open-resilient-developing-markets/  

Question No. 331 answered with Question No. 324.

Tax Yield

Questions (332)

Cian O'Callaghan

Question:

332. Deputy Cian O'Callaghan asked the Minister for Finance if he will provide an update on the amount paid to the Exchequer to date in 2023 from the 10% stamp duty charge on the multiple purchase of houses; the number of residential units it was applied to; and if he will make a statement on the matter. [37052/23]

View answer

Written answers

The application of the 10% rate of stamp duty to certain acquisitions of residential property is provided for in section 31E of the Stamp Duties Consolidation Act 1999, as introduced by the Finance (Covid-19 and Miscellaneous Provisions) Act 2021.

I am advised by Revenue that approximately €4.7 million in Stamp Duty was collected under this section from the beginning of 2023 to end-May, the latest period for which data are available, in respect of the acquisition of 167 properties.

Question No. 333 answered with Question No. 326.
Question No. 334 answered with Question No. 326.
Question No. 335 answered with Question No. 326.
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