asked the Minister for Finance whether he can state the amounts of income tax collected in years after 1923-24 which related to years prior to the year concerned:— thus, whether he can state what amount was collected in 1924-25 which related to 1923-24 and 1924-25, what amount was collected in 1926-27 which related to 1923-24, 1924-25, 1925-26, and what amount was collected in 1927-28 which related to 1923-24, 1924-25, 1925-26 and 1926-27, and whether he will state the amounts for each year separately.
CEISTEANNA.—QUESTIONS. ORAL ANSWERS. - ARREAR-COLLECTION OF INCOME TAX.
As the answer is in the form of a tabular statement I propose to circulate it in the Official Report.
Following is the statement:—
INCOME TAX COLLECTION.
|
Period of Collection. |
Year in which Duty was assessed. |
||||
|
1922-23 and earlier. |
1923-24 |
1924-25 |
1925-26 |
1926-27 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Year ended 31st March, 1925 |
1,023,743 |
2,087,564 |
— |
— |
— |
|
,,,,1926 |
526,063 |
402,250 |
2,346,270 |
— |
— |
|
,,,,1927 |
270,728 |
145,927 |
367,898 |
1,797,687 |
— |
|
,,,,1928 |
103,638 |
50,619 |
103,580 |
179,839 |
1,648,588 |
It should be noted that a considerable portion of the Income Tax assessed in one year is normally collected in the following year.