Figures providing a breakdown of refunds of Income Tax (non-PAYE) and Corporation Tax in 2009 to mid-November for the banking and related financial intermediation sector, are set out in the following table.
Refunds By Size In 2009 for the Banking and related Financial Intermediation
|
Income Tax
|
Corporation Tax
|
Size of Refund
|
Number
|
Value
|
Number
|
Value
|
|
|
€m
|
|
€m
|
Less than €1m
|
1,176
|
3.2
|
672
|
33.6
|
> = €1m and < €5m
|
0
|
0.0
|
37
|
79.4
|
> = €5m and <€10m
|
0
|
0.0
|
5
|
39.4
|
> = €10m
|
0
|
0.0
|
5
|
101.4
|
Total
|
1,176
|
3.2
|
719
|
253.8
|
It should be noted that the classification of taxpayers into the ‘banking' and ‘financial' sectors is done by reference to the primary area of economic activity reported by individual and corporate taxpayers on their own behalf and the taxes collected are allocated to these categories without reference to the precise economic activity which generated them. While this information is sufficient to underpin broad sector-based analyses there will undoubtedly be some inaccuracies at individual level. This should be borne in mind when considering the information provided.