242. Deputy John Deasy asked the Minister for Finance if his attention has been drawn to the fact that the 10% tax on UK dividends paid to Irish residents, which is deducted at source in the UK, is then subject to tax here at the marginal rate on the net 90% received and that this means tax on UK dividends is now the highest rate of tax on income; his views that this is fair on pensioners who were relying on UK dividends to top up their income; and if he will make a statement on the matter. [40334/14]

Summary

242. Deputy John Deasy asked the Minister for Finance if his attention has been drawn to the fact that the 10% tax on UK dividends paid to Irish residents, which is deducted at source in the UK, is then subject to tax here at the marginal rate on the net 90% received and that this means tax on UK dividends is now the highest rate of tax on income; his views that this is fair on pensioners who were relying on UK dividends to top up their income; and if he will make a statement on the matter. [40334/14]

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Timeline

1. 21 October 2014

   Tax Code

   242. Deputy John Deasy asked the Minister for Finance if his attention has been drawn to the fact that the 10% tax on UK dividends paid to Irish residents, which is deducted at source in the UK, is then subject to tax here at the marginal rate on the net 90% received and that this means tax on UK dividends is now the highest rate of tax on income; his views that this is fair on pensioners who were relying on UK dividends to top up their income; and if he will make a statement on the matter. [40334/14]

   Source: written

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• Tax Code

  xml · EN · 21 October 2014

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• John Deasy · Asking member
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