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Dáil Éireann debate -
Tuesday, 12 May 1964

Vol. 209 No. 9

Written Answers. - Schedule A Income Tax.

100.

asked the Minister for Finance if he will state in respect of the current financial year the estimated decrease in income tax collected under Schedule A, which is likely to result from the Budget proposals for the abolition of the tax in respect of business premises owned and occupied by companies.

Income tax statistics are not compiled in such a way as to enable the information requested by the Deputy to be given. Implementation of the proposal to which the Deputy refers will not involve any loss of revenue because the decrease in tax collected under Schedule A will be counterbalanced by an increase in tax collected under Schedule D.

101.

asked the Minister for Finance if he will state in respect of Schedule A income tax for the latest convenient year (a) the amount collected from owner-occupiers of residential premises, and (b) the total amount collected under all headings.

The net produce of assessments under Schedule A made in 1961-62, the latest year for which figures are available, is calculated to be £1,295,000. Of this sum approximately £300,000 is estimated to represent the tax borne by owner-occupiers of residential premises.

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