asked the Minister for Finance the estimate for 1988 of the average tax payment made by PAYE, by farmers and other self employed.
Written Answers. - Tax Payments.
65.
It is estimated that the average individual tax payment which will be made in 1988 through the PAYE mechanism will be of the order of £3,056.
Statistics are not yet available which would enable the information requested in respect of farmers and other self-employed to be given.
Notes.
(i) 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 self-employed as well as tax on "other income" of employees such as rent and other investment income.
(ii) The average tax payment is obtained by dividing the post-budget estimate of net receipt of PAYE tax for 1988 by the number of taxpaying units effectively liable to tax in the income tax year 1988/89.
(iii) A married couple who have elected or have been deemed to have elected to have the income of both spouses assessed on the husband are counted as one tax unit.