asked the Minister for Finance the amount raised by (a) turnover tax and (b) wholesale tax for each year since these taxes were introduced; and the percentage of these amounts raised on the taxation of essential foods and fuel.
Ceisteanna—Questions. Oral Answers. - Turnover and Wholesale Taxes.
32.
As the reply is partly in the form of a tabular statement I propose, with your permission, a Cheann Comhairle, to have it circulated with the Official Report.
Following is the statement:—
|
Year ended 31st March |
Net Receipt of Turnover Tax |
Net Receipt of Wholesale Tax |
|
£ |
£ |
|
|
1964 |
3,697,863 |
— |
|
1965 |
13,419,005 |
— |
|
1966 |
14,181,736 |
— |
|
1967 |
14,916,768 |
2,328,902 |
|
Period from 1st April, 1967 to 31st December, 1967 |
11,895,000 (approximate) |
5,331,000 (approximate) |
As turnover tax and wholesale tax chargeable in respect of transactions in any month are normally payable in the following month, the figures given represent the approximate amounts paid in respect of transactions up to 30th November, 1967, inclusive.
Food and fuel are among the articles exempted from wholesale tax. The wholesale tax receipts do not, therefore, include any amounts in respect of these commodities.
Turnover tax is payable monthly in one sum by registered persons on their total receipts from sales of taxable goods to unregistered persons. No breakdown of the totals is required by reference to sales of particular commodities, and consequently it is not possible to state the percentages of turnover tax receipts derived from sales of food and fuel.