Tax Collection.

Wednesday, 9 February 2005

Questions (158, 159)

Joan Burton

Question:

199 Ms Burton asked the Minister for Finance the capital value of assets held in trusts liable to the 6% entry and 1% annual tax on such trusts; and the declared value of such assets, and classes thereof, on an annual basis from 1997 to date. [4181/05]

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Written answers

Minister for Finance (Mr. Cowen)

I am informed by the Revenue Commissioners that the information requested by the Deputy in regard to trusts is not readily available and either could not be obtained, or could not be obtained without conducting a protracted investigation of the Revenue Commissioners records.

However, some information is available solely in regard to the larger trusts now dealt with in the Revenue Commissioners large cases division, namely the capital value of the assets, the taxable value of the assets and an analysis of the capital value as between investments and other assets, and details are set out in the following table.

Breakdown of Capital Value.

Year	Capital Value	Taxable Value	Investments	Other
	€	€	€	€
1997	819,261,663	884,499,815	812,036,387	7,225,276
1998	853,232,309	938,639,304	849,716,619	3,515,690
1999	1,056,040,027	1,134,404,085	1,052,242,574	3,797,453
2000	1,087,263,497	1,223,257,731	1,084,853,062	2,410,435
2001	1,059,625,130	1,150,793,480	1,058,208,089	1,417,041
2002	63,621,185	131,397,755	38,458,973	25,162,213
2003	52,853,538	105,932,151	40,347,108	12,506,430
2004	56,903,609	112,733,929	43,846,941	13,056,668

It should be noted that while the figures in the table for taxable value are complete, the figures for capital value and the analysis of the breakdown of these capital value figures between investments and other assets do not include the amounts for one particular trust as the relevant figures are not readily available within the time allowed.

Pat Rabbitte

Question:

200 Mr. Rabbitte asked the Minister for Finance the proportion of PAYE taxpayers and taxpayers other than PAYE taxpayers who are earning amounts (details supplied), estimated by reference to the income tax year 2004, and if possible by reference to the income tax year 2005; and if he will make a statement on the matter. [4182/05]

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Minister for Finance (Mr. Cowen)

It is assumed that what the Deputy requires is the proportion of PAYE and self-employed income earners in the ranges of income specified as determined by reference to the income tax record.

I am advised by the Revenue Commissioners that the information requested, estimated by reference to the income tax years 2004 and 2005, is set out in the following tables. They indicate the proportions of all PAYE and self-employed income earners on tax records, including tax-exempt individuals, by ranges of income.

Income Tax Year 2004.

	PAYE	Self-Employed
Gross Income €	Numbers	% of all PAYE income earners	Numbers	% of all self-employed income earners
Not exceeding €14,244	459,950	28	49,824	23
€14,245 —€19,890	204,530	12	24,387	11
€19,891 —€29,251	315,596	19	35,620	17
€29,252 —€40,419	255,621	15	29,923	14
€40,420 —€49,999	146,213	9	17,720	8
€50,000 —€74,999	182,850	11	25,473	12

Income Tax Year 2005.

	PAYE	Self-Employed
Gross Income €	Numbers	% of all PAYE income earners	Numbers	% of all self-employed income earners
Not exceeding €14,244	436,873	26	46,339	21
€14,245 —€19,890	196,365	12	22,759	10
€19,891 —€29,251	313,519	19	35,158	16
€29,252 —€40,419	265,306	16	31,065	14
€40,420 —€49,999	154,963	9	18,509	8
€50,000 —€74,999	203,334	12	28,047	13

The Deputy should note that these numbers are provisional and are subject to revision. A married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit. Some figures in the columns in the table for income tax year 2004 differ from those given previously. This is due to revised information becoming available in the meantime.