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| Irish Revenue Chief Apologies For Pension Tax Farce |
by Jason Gorringe, Tax-News.com, London
Friday, January 13, 2012
The chair of the Irish Revenue Commissioners has been forced to apologise for
the distress caused by the disclosure that thousands of Irish pensioners are
to face unexpected tax charges.
Recently, the Revenue revealed that it had discovered inaccuracies in information
held on Department of Social Protection (DSP) pensions. Around 115,000
pensioners received letters from the Revenue detailing the error, with many
told to expect greater tax deductions from their DSP pensions in future.
Speaking in front of the parliamentary finance committee on January 11, Josephine
Feehily said the Revenue had received 35,000 telephone calls and 20,000 walk-in visitors concerned about the issue since January 6.
Feehily said: "We caused confusion and distress to some people and I’m
sincerely sorry for that". She clarified that of the pensioners contacted,
20,000 had overpaid tax, 30,000 had never reported their pension liabilities,
while 85,000 had underpaid tax.
The charity Age Action has announced that it is to assist the Revenue Commissioners
with a public information campaign so that pensioners know what steps they must
take to remain tax compliant. A spokesman for the charity said: “What
is clear from the controversy over the last week after 115,000 letters were
sent by the Revenue to pensioners claiming they had a tax liability, is that
there is a lot of misunderstanding and a lack of accurate information about
what older people have to do to remain tax compliant."
Age Action has been critical of the way the letters were written and the general
communication surrounding the letter writing exercise. The charity believes
that better handling of these factors would have greatly reduced the stress
caused to pensioners. It is urging people to remain calm, to check if the DSP
payment figure on the letter they received is correct, that their private pension
or salary details are accurate and that their employer or pension provider details
are in order. If any of these are inaccurate, they should contact their local
tax office.
A comprehensive report in our Intelligence Report series
titled "The Lowtax International Pensions Report" which has an
in depth view on The Mechanics of Pensions Provision, 'High-Tax' Country Pension
Regimes and 'Lowtax' Jurisdictions In Which To Locate Pensions Savings, is available
in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report14.asp
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Reports are available for immediate downloading or as subscription
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