A bank is required in 2020 to automatically return to Revenue details of all existing deposit holders, where gross interest of more than what amount has been credited to their accounts in 2020?

• A. €100
• B. €200
• C. €250
• D. €300

Answer: (D)

The question tests understanding of how deposit interest reporting to Revenue works using a threshold. In 2020, banks were required to automatically send details to Revenue for deposit holders whose gross interest earned in that year exceeded a fixed reporting threshold. This threshold is set to balance reducing administrative burden with giving Revenue enough information to verify taxable income from interest.

So the correct choice is the value that matches the threshold used in 2020—the amount that, if exceeded, triggered automatic reporting of an account holder’s deposit interest to Revenue. The other options correspond to lower values that would lead to more accounts being reported (or a higher value that would miss some reports) and thus do not align with the 2020 rule. This concept ensures Revenue can pre-fill or check tax records against actual interest income.