Ivor Callely
Question:103 Mr. Callely asked the Minister for Finance the amount of income tax generated by the PAYE sector in 1998; and the expected income in 1999. [13703/99]
Written Answers. - Tax Yield.
The net receipt of income tax collected under the PAYE system in 1998 is estimated at £4,755.1 million. The corresponding post-budget estimate for 1999 is £4,996 million.
These figures are based on income tax collected through the PAYE mechanism which 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. It also includes the tax paid under PAYE on the income from employment of farmers and other self-employed individuals.