asked the Minister for Finance the outturns for the years 1983 to 1986 inclusive; the 1987 post-budget forecast of income tax yields from PAYE, farmers, other self-employed, retention tax and other taxes; and if he will make a statement on the matter.
Written Answers. - Farmers' Taxes.
28.
Following is the information requested:
Net Receipt of Income Tax for 1983, 1984, 1985, 1986 and 1987 (estimated)
|
1983 |
1984 |
1985 |
1986 |
1987 (Post-Budget estimate) |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
¹PAYE |
1,423.4 |
1,682.2 |
1,830.1 |
1,987.7 |
2,167.1 |
|
²Farmers |
32.0 |
35.0 |
37.0 |
35.0 |
35.5 |
|
³Other non-PAYE |
145.3 |
161.5 |
165.6 |
174.7 |
226.1 |
|
4 Building Societies |
55.0 |
81.5 |
65.9 |
40.8 |
— |
|
5 Deposit interest retention tax |
— |
— |
— |
137.1 |
283.0 |
|
6 Schedule C/Miscellaneous |
4.9 |
7.6 |
6.8 |
7.3 |
10.0 |
|
Total |
1,660.6 |
1,967.8 |
2,105.4 |
2,382.6 |
2,721.7 |
¹The figures cover more than income tax on ordinary wages and salaries. They include tax paid by directors of close companies who are akin to the self-employed as well as tax on "other income" of employees such as rent and other investment income.
²Income tax on farming profits is collected with Schedule D tax generally and the figures shown are, to some extent, estimated. The figures shown are estimates of the tax paid by full time farmers together with tax paid by trader-farmers on their farming profits only.
³This includes tax paid on income from trades and professions (other than farming together with tax paid on other income such as rent and other investment income. The figures also include relatively small amounts of tax resulting from direct assessments under Schedule E on employees. This tax is collected with tax from the self-employed and is not separately identified.
The figures also take into account tax repayments made to exempt individuals and bodies (such as charities and pension funds) in respect of tax deducted at source (such as income paid under covenants) or of tax credits attaching to company distributions.
4 The figures shown are in respect of tax deducted by building societies under the composite rate arrangement. Basic data are not available which would enable the amounts of tax referable to building society interest paid or credited to particular classes of taxpayers to be ascertained.
5 Basic data are not available which would enable the amounts of deposit interest retention tax referable to interest paid or credited to particular classes of taxpayers to be ascertained.
6 The heading of "miscellaneous" includes tax payments made in respect of back duty settlements and income of Irish residents arising in the United Kingdom.
29.
asked the Minister for Finance the current amounts due from farmers and the self-employed for the youth employment levy, the health contributions and the income levy.
The health boards are responsible for collecting health contributions and levies from full-time farmers for the years up to and including the year ended 5 April 1984. The Revenue Commissioners are responsible for collecting them from part time farmers and other self-employed persons for those years and from all farmers and self-employed for subsequent years.
The health boards have indicated that as at 31 August 1987, the following amounts were due to them:—
|
£m |
|
|
Health Contributions |
5.6 |
|
Youth Employment Levy |
3.9 |
|
Income Levy |
2.1 |
|
Total |
11.6 |
I am informed by the Revenue Commissioners that the following amounts, based in many cases on estimated incomes, were due to them as at 31 May 1987:—
|
Due from farmers |
Due from other self-employed persons |
|
|
£m |
£m |
|
|
Health Contributions |
9 |
35 |
|
Youth Employment Levy |
12 |
41 |
|
Income Levy |
6 |
21 |
|
Total |
27 |
97 |
On the basis of previous experience these amounts will be subject to downward revision on closer examination, on appeal, and for other reasons and will change accordingly. The Revenue Commissioners estimate that as a result of these factors it is likely that the amounts finally to be collected will be as follows:—
|
Due from farmers |
Due from other self-employed persons |
|
|
£m |
£m |
|
|
Health Contributions |
1.3 |
5 |
|
Youth Employment Levy |
1.0 |
4 |
|
Income Levy |
0.7 |
3 |
|
Total |
3.0 |
12 |