asked the Minister for Finance in respect of the last year for which figures are available the amount of income tax contributed to the Exchequer by (a) PAYE tax payers, (b) self-employed and (c) farmers; and the percentage in each case which this represents of (i) income tax and (ii) total taxation collected in that year.
Written Answers. - Income Tax Yield.
76.
The latest relevant statistics available are in respect of 1987. Following is the information requested in so far as it is available.
Income Tax 1987.
|
Net receipt in 1987 |
Percentage of total net income tax receipt |
Percentage of total taxation (net receipts) |
|
|
£m |
% |
% |
|
|
PAYE |
2,137.7¹ |
78.6 |
32.9 |
|
Farmers |
34.5² |
1.3 |
0.5 |
|
Other non-PAYE |
238.3³ |
8.8 |
3.7 |
The figures in the first column of the table do not include receipts of deposit interest retention tax or of tax payments made under Schedule C. Basic data are not available which would enable the amounts of these tax payments which are attributable to particular classes of taxpayers to be ascertained.
Notes:
¹ The figures 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.
² Income tax on farming profits is collected with Schedule D tax generally and the figure shown is, to some extent, estimated. The figure shown is an estimate of the tax paid by full-time farmers together with tax paid by trader-farmers on their farming profits only.
³ This figure 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 figure also includes 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 figure also includes withholding tax on professional fees which was paid between 6 June, 1987 and 31 December, 1987.
The figure also takes 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.