asked the Minister for Finance the current and estimated receipts for 1975, 1976 and 1977 in respect of net receipt of PAYE and income tax payable in respect of farming profits.
Written Answers. - PAYE and Farmer Taxation.
323.
Following is the information requested:
|
Year |
Net receipt of PAYE |
Estimated receipt of income tax payable in respect of farming profits |
|
£million |
£million |
|
|
1975 |
236.7 |
1.1 |
|
1976 |
359.4 |
3.0 |
|
1977 |
445.1 |
7.0 |
Following is the corresponding information for income tax years:
|
1975-76 |
263.1 |
2.0 |
|
1976-77 |
396.1 |
5.0 |
|
1977-78 |
460 |
14.0 |
Income tax on farming profits is collected with Schedule D tax generally and the figures shown are therefore to some extent estimated.