Emmet Stagg
Question:35 Mr. Stagg asked the Minister for Finance the total amount of direct taxation paid by farmers in 1989, expressed in cash terms, as a percentage of gross national product and as a percentage of the total tax take.
Written Answers. - Farm Tax.
The estimated net receipt of income tax collected from farmers in 1989 was £50.0 million. This represents 0.2 per cent of gross national product and 0.7 per cent of total tax revenue for 1989. These figures are provisional and may be revised.
Income tax on farming profits is collected with Schedule D tax generally and the figures given for farmer taxation are, to some extent, estimated. The figures are based on estimates of the tax paid by full-time farmers together with estimates of the tax paid by trader-farmers on their farming profits only.