I am informed by the Revenue Commissioners that the relevant information is contained in Tables CTS 1,CTS 2 and CTS 3 of the Statistical Reports published annually by the Commissioners and which can be found on the Revenue website at www.revenue.ie. The latest year for which information is published from that source is for 2009 which is contained in the 2010 report. The corresponding information for 2010 is set out in the following tables. This will be published in the 2011 report on the website. Data for the year 2011 and 2012 is not yet available. Included with these tables is a new explanatory table which outlines the process by which the final liability to corporation tax is arrived at for 2010.
Explanatory Note Regarding the Calculation of Total Taxable Income Figure Shown in Table CTS3.
The following is a brief explanation of how the total taxable income figure of €41,215m shown in table CTS3 is calculated. In table CTS3 certain allowances, deductions and reliefs are allowed at various points in the table and in some cases in a different panel. For example figures of trading charges are shown in the trading results panel of table CTS3 but they do not affect the calculations shown in CTS3 until after the “deductions” panel preceding the total taxable income figure.
The calculation details all of the deductions and allowances that were actually allowed on the 2010 CT returns against total gross profits before arriving at total taxable income . It should be noted that the amounts shown for certain allowances such as capital allowances or losses in the table below differ from the amounts shown in table CTS3 as this calculation shows the amounts actually used and absorbed against trading income. Table CTS3 presents the figures as claimed in their entirety. Various credits are also applied after the calculation of gross tax at the various rates but these are not shown but are listed on table CTS3.
Calculation of Total Taxable Income Figure Shown in Table CTS 3
|
-
|
€m
|
€m
|
|
|
Gross Trade Profits
|
|
70,804
|
[The trade profits and balancing charges included in section A of CTS 3]
|
|
Less deductible amounts as follows:
|
|
|
|
|
Capital Allowances
|
12,296
|
|
[The portion of capital allowance claims included in section A of CTS3 that are used in the year against trading income]
|
|
Plus
Trade Loss Forward
|
3,870
|
|
[The portion of loss forward claims included in section A of CTS3 that are used in the year against trading income. These are called trading losses on table CTS3.]
|
|
Plus
Current Year Trading Losses
|
131
|
|
[The portion of current year trading losses claims included in section A of CTS3 that are used in the year against trading income. These are called losses appropriate to this trade on table CTS3.]
|
|
Plus
Trade Charges
|
11,695
|
|
[The portion of trade charges claims included in section A of CTS3 that are used in the year against trading income]
|
|
Plus
Group Relief
|
2,747
|
|
[The portion of group relief claims included in section A of CTS3 that are used in the year against trading income. This does not include group relief that is used against non-trading income]
|
|
Equals
Total amounts deducted
|
|
(30,739)
|
|
|
Net trading Income after losses, charges and group relief but before non-trade charges and other deductions
|
|
40,065
|
[This is net trading income from section A on table CTS3 after charges, losses and group relief but before and non-trade charges and other deductions]
|
|
Gross Rental Income
|
699
|
|
[From section B of CTS 3]
|
|
Less Rental Allowances Used
|
|
|
|
|
Rental Losses Forward and rental capital
Allowances
|
|
(152)
|
[The portion of these allowances from section B of CTS3 that are used in the year]
|
|
Plus Net Rental Income
|
|
547
|
|
|
Plus Other Profits / Capital Gains
|
|
5,849
|
[From Section C of CTS 3]
|
|
Less Deductions
|
|
|
|
|
Management Expenses
|
415
|
|
[From Section E of CTS 3]
|
|
Plus
Excess Capital Allowances
|
15
|
|
[From Section E of CTS 3]
|
|
Plus
Other Deductions
|
4,804
|
|
[From Section E of CTS 3 – such as non-trade charges including non-trade charges from other group companies]
|
|
Plus
Excepted Trade Losses
|
12
|
|
[From Section E of CTS 3]
|
|
Equals
|
|
(5,246)
|
|
|
Net Taxable Income/profits
|
|
41,215
|
|
CORPORATION TAX STATISTICS, 2010
Table CTS1 – Distribution Of Incomes and Tax
|
Range Of Net Trading Income and Gains (before deductions and charges)
|
-
|
Manufacturing Trading Profits
|
Other Trading Profits (Including Shipping)
|
Net Trading Income (before deductions and charges)
|
Net Case V (Rent)
|
Regrossed Capital Gains
|
Total Income and Gains( before deductions and charges)
|
Total Taxable Income
|
Tax Due Including Refunds
|
|
Negative
|
No.
|
512
|
17,893
|
95,278
|
4,477
|
547
|
17,385
|
16,297
|
16,920
|
|
or Nil
|
Amnt.(€m)
|
885.6
|
7,401.6
|
0.0
|
446.9
|
503.2
|
4,913.5
|
3,632.3
|
245.8
|
|
€1 -
|
No.
|
206
|
13,622
|
13,883
|
270
|
40
|
13,871
|
13,308
|
12,699
|
|
€25,000
|
Amnt.(€m)
|
103.1
|
1,363.5
|
108.5
|
8.3
|
17.5
|
249.2
|
173.5
|
25.8
|
|
€25,001 -
|
No.
|
105
|
3,519
|
3,598
|
119
|
14
|
3,596
|
3,428
|
3,292
|
|
€50,000
|
Amnt.(€m)
|
9.4
|
198.2
|
128.9
|
3.5
|
1.2
|
151.3
|
140.4
|
18.8
|
|
€50,001 -
|
No.
|
74
|
1,945
|
2,009
|
111
|
11
|
2,008
|
1,922
|
1,869
|
|
€75,000
|
Amnt.(€m)
|
9.3
|
170.1
|
123.2
|
4.7
|
8.4
|
144.7
|
133.1
|
19.3
|
|
€75,001 -
|
No.
|
51
|
1,318
|
1,356
|
78
|
10
|
1,354
|
1,288
|
1,252
|
|
€100,000
|
Amnt.(€m)
|
7.6
|
156.6
|
117.5
|
3.1
|
0.5
|
126.9
|
116.2
|
16.6
|
|
€100,001 -
|
No.
|
153
|
2,663
|
2,758
|
182
|
24
|
2,757
|
2,653
|
2,601
|
|
€200,000
|
Amnt.(€m)
|
32.8
|
511.3
|
392.0
|
6.4
|
12.3
|
434.2
|
396.6
|
50.1
|
|
€200,001 -
|
No.
|
65
|
1,272
|
1,319
|
110
|
16
|
1,318
|
1,264
|
1,238
|
|
€300,000
|
Amnt.(€m)
|
26.1
|
387.6
|
322.7
|
5.5
|
1.5
|
342.2
|
307.1
|
37.0
|
|
€300,001 -
|
No.
|
64
|
694
|
725
|
64
|
11
|
724
|
697
|
687
|
|
€500,000
|
Amnt.(€m)
|
31.9
|
224.4
|
199.6
|
5.9
|
1.8
|
212.2
|
181.5
|
21.7
|
|
€500,001 -
|
No.
|
29
|
295
|
308
|
34
|
4
|
308
|
285
|
285
|
|
€600,000
|
Amnt.(€m)
|
31.5
|
183.9
|
169.4
|
2.2
|
0.4
|
179.7
|
149.1
|
17.7
|
|
€600,001 -
|
No.
|
36
|
246
|
269
|
20
|
5
|
269
|
247
|
243
|
|
€700,000
|
Amnt.(€m)
|
28.8
|
199.7
|
173.4
|
14.0
|
2.4
|
210.2
|
174.2
|
20.8
|
|
€700,001 -
|
No.
|
29
|
187
|
206
|
15
|
3
|
206
|
190
|
186
|
|
€800,001 -
|
No.
|
24
|
135
|
149
|
11
|
6
|
149
|
139
|
140
|
|
€900,000
|
Amnt.(€m)
|
53.5
|
137.6
|
125.9
|
0.6
|
24.7
|
156.4
|
138.2
|
17.7
|
|
€900,001 -
|
No.
|
20
|
122
|
134
|
8
|
3
|
134
|
123
|
127
|
|
€1,000,000
|
Amnt.(€m)
|
21.2
|
141.2
|
127.5
|
0.5
|
0.4
|
132.2
|
114.8
|
13.5
|
|
€1,000,001 -
|
No.
|
233
|
1,138
|
1,255
|
117
|
23
|
1,255
|
1,148
|
1,143
|
|
€5,000,000
|
Amnt.(€m)
|
653.9
|
3,086.4
|
2,807.4
|
11.0
|
29.4
|
3,259.6
|
2,671.1
|
267.5
|
|
€5,000,001 -
|
No.
|
41.0
|
227.0
|
247.0
|
18.0
|
4.0
|
247.0
|
230.0
|
228.0
|
|
€10,000,000
|
Amnt.(€m)
|
305.8
|
1,752.7
|
1,741.2
|
4.9
|
6.3
|
1,829.8
|
1,444.0
|
172.9
|
|
Over
|
No.
|
120
|
429
|
463
|
48
|
13
|
463
|
433
|
431
|
|
€10,000,000
|
Amnt.(€m)
|
26,504.8
|
24,847.7
|
47,695.2
|
27.2
|
29.6
|
48,264.7
|
31,073.7
|
3,256.7
|
|
All Cases
|
No.
|
1,810
|
46,120
|
124,404
|
5,722
|
738
|
46,491
|
44,069
|
43,756
|
|
-
|
Amnt.(€m)
|
28,762.0
|
41,195.9
|
54,637.7
|
547.5
|
645.4
|
61,033.9
|
41,215.6
|
4,245.7
|
