Tuesday, 17 July 2012

Questions (90, 91)

Joe Higgins

Question:

94 Deputy Joe Higgins asked the Minister for Finance if he will provide a break down of corporation tax receipts by NACE code. [34624/12]

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Written answers (Question to Minister for Finance)

I am informed by the Revenue Commissioners that the relevant information for 2007, 2008, 2009 and 2010 is available from the Revenue Statistical Reports which are accessible on the Revenue website at www.Revenue.ie. The information is located in Table TR6, under the main chapter heading of Total Revenue. That table provides a percentage breakdown of the net receipt of PAYE, VAT, Income Tax, Corporation Tax and Capital Gains Tax by trade sector. The corresponding figures for 2011 will be included as soon as possible in the Statistical Report for 2011.

Joe Higgins

Question:

95 Deputy Joe Higgins asked the Minister for Finance if he will provide a breakdown of corporation tax receipts from Irelands International Financial Services Centre companies by NACE code. [34625/12]

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I am informed by the Revenue Commissioners that with the change in the corporation tax rate from10% to the standard rate now applying to IFSC activities it is no longer possible to distinguish on tax records between corporation tax paid solely on IFSC activities and on other income. Arising from this a detailed record specifically identifying companies engaged in IFSC activities is not maintained and accordingly there is no statistical basis on which a precise reply can be provided to the Deputy's question. However, on the basis of more limited indications, it appears that the bulk of corporation tax receipts from IFSC activities are paid by companies who are engaged in financial, insurance and analagous activities.