TAILIEUCHUNG - Dependent Relative Tax Credit

One of the ways in which a countercyclical element could be introduced into regulatory capital requirements is to make required capital a function of the change in assets—not just of the risk-weighted level; see Charles Goodhart and Avinash Persaud, “How to Avoid the Next Crash,” Financial Times, January 30, 2008. The Basel Committee has recently announced that it will increase capital charges for complex, structured credit products, liquidity facilities to support asset-backed commercial-paper conduits, and credit exposures held in the trading book. While this is welcome, what is needed goes much beyond that; in particular, we need a significant increase. | IT 46 Dependent Relative Tax Credit ver fiM001284_EN_WB_L_2 Revenue Cáin agus Custaim na hÉireann Irish Tax and Customs Introduction You can claim the Dependent Relative tax credit if you maintain at your own expense a Relative including a relative of your spouse or civil partner who is unable due to old age or infirmity to maintain himself or herself Widowed father or mother of yourself your spouse or civil partner or a parent of your civil partner who is himself or herself a surviving civil partner regardless of the state of his or her health Son or daughter or a child of your civil partner who resides with you and on whose services you are compelled to depend due to old age or infirmity. Amount of the tax credit The annual amount of the dependent relative tax credit is given in Leaflet IT1 Tax Credits Reliefs and Rates . If the income of your dependent relative exceeds the relevant limit no tax credit is due. The relevant limit is revised each year and is given in Leaflet IT1 Tax Credits Reliefs and Rates . All income of your relative such as pensions deposit interest income received under deed of covenant etc. is taken into account for the purposes of the relevant limit. How is the claim made The dependent relative tax credit can be claimed using any of the following methods Internet - You can claim over the Internet using our PAYE Anytime service. For further details visit Text Message - Text CREDIT PPS-number PIN RELATIVE to 51829. The PIN number requested is the number used to access PAYE Anytime . For example if your PPS number is 1234567A and your PIN number is 654321 and you want to claim a dependent relative tax credit simply text CREDIT 1234567A 654321 RELATIVE to 51829 2 Telephone - Contact your Regional Revenue LoCall Service whose number is listed on Page 5. Claim Form - Complete Form DR1 attached to this leaflet or Form DR2 if you are claiming for a son or daughter or a child of your civil partner who resides with you. If you .

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