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Tax Yield

Dáil Éireann Debate, Thursday - 24 October 2024

Thursday, 24 October 2024

Questions (116)

Pearse Doherty

Question:

116. Deputy Pearse Doherty asked the Minister for Finance to outline the amount of revenue collected each year since 2019 in capital gains tax, deposit interest retention tax and capital acquisitions tax as a result of CervicalCheck payments which encompass payments made under the CervicalCheck non-disclosure ex-gratia scheme, the CervicalCheck Tribunal Act 2019 and claims concluded by way of settlement and court order, in tabular form. [43706/24]

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Written answers

I am advised by Revenue that it is not in a position to identify the specified revenues collected due to the way in which incomes and gains are recorded and liabilities are calculated on tax returns.

However, I am bringing forward amendments in this year's Finance Bill to provide for exemptions from Income Tax, Capital Gains Tax and Capital Acquisitions Tax for payments made to women impacted by the failures in the CervicalCheck screening programme, or where such a woman was deceased when the payments were made, payments made directly to her dependant(s). Future and historic income and gains arising to the impacted women from the investment of CervicalCheck payments will also be exempt from the relevant taxes.

These exemptions will apply retrospectively.

Accordingly, an individual can make a claim for a repayment of any taxes paid on the receipt of CervicalCheck payments dating back to 2008.

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