asked the Minister for Finance the yield of income tax from the PAYE sector for each of the years 1982 to 1985, inclusive; and the estimated yield for 1986.
Written Answers. - PAYE Income Tax Yield.
80.
The following table sets out the estimated net receipt of income tax collected through the PAYE mechanism in 1982, 1983, 1984 and 1985 and the comparable budget estimate for 1986.
|
Year ended 31 December |
Net Receipt in year (£million) |
|
1982 |
1,269.4 |
|
1983 |
1,423.4 |
|
1984 |
1,682.3 |
|
1985 |
1,830.1 |
|
1986 |
1,978.0* |
* Budget estimate.
Income tax collected through the PAYE mechanism covers more than income tax on ordinary wages and salaries. It includes tax paid by directors of close companies who are akin to the selfemployed as well as tax on "other income" of employees such as rent and other investment income.