asked the Minister for Finance if he will state (a) the amounts paid for 1975 and the estimated amounts for 1976 in income tax (i) by farmers with another trade or business and (ii) by farmers whose sole income is from farming and (b) the amounts paid under PAYE for each of the years 1970 to 1975 and the estimated amount for 1976.
Written Answers. - Income Tax.
76.
The information is as follows:
|
(a) Amount of income tax paid by farmers† |
1975 |
1976 (estimated) |
|
£m |
£m |
|
|
(i) with another trade or business |
1.0 |
1.5 |
|
(ii) whose sole income is from farming |
0.1 |
1.5 |
|
(b) net receipt of PAYE |
£m |
|
1970-71 |
63.3 |
|
1971-72 |
87.9 |
|
1972-73 |
104.7 |
|
1973-74 |
144.0 |
|
1974(9 months) |
130.3 |
|
1975 |
236.7 |
|
1976 |
365.0 |
|
(provisional estimate) |
†Income tax on farming profits is collected with Schedule D tax generally and accordingly is not precisely identifiable. The amounts shown are estimates of the receipt up to 31st December, 1976.