Vol. 451 No. 5
87 Mr. Hughes asked the Minister for Finance the number of companies each paying standard rate corporation profits tax up to each of the following amounts £100,000; £250,000; £500,000; £1 million; £2 million; £3 million; £4 million; £5 million; £7.5 million; and over £10 million for the year for which final figures are available; and the percentage of the overall 40 per cent corporation profits tax paid to the State by each category. [6979/95]
The latest relevant information available relates to the corporation tax payable by companies with accounting periods falling between 1 April 1992 and 31 March 1993 and whose liability to the tax was confined exclusively to the standard rate of 40 per cent. This information is set out in the following table. However, because of the relatively small number of companies whose tax payable was in excess of £2 million, the precise breakdown requested by the Deputy is not given in order to protect the confidentiality of individual taxpayers.
|
Range of tax payable |
Number of companies liable at 40% |
Tax payable in each range as % of total |
||
|
£ |
£ |
% |
||
|
Nil |
23,134 |
0.0 |
||
|
1 |
— |
100,000 |
16,511 |
27.7 |
|
100,001 |
— |
250,000 |
251 |
9.8 |
|
250,001 |
— |
500,000 |
98 |
8.5 |
|
500,001 |
— |
1,000,000 |
47 |
7.8 |
|
1,000,001 |
— |
2,000,000 |
29 |
9.6 |
|
over 2,000,000 |
27 |
36.6 |
||
|
All cases |
40,097 |
100.0 |
