Dáil Éireann Debate, Tuesday - 28 May 2013
172. Deputy Maureen O'Sullivan asked the Minister for Finance the amount of corporate taxes that have been paid to the Exchequer by all alcohol producers in each of the past five years; and the highest percentage, the average percentage and the lowest percentage of corporation tax paid by any individual alcohol producer in each of the past five years. [25448/13]
View answerI am informed by the Revenue Commissioners that companies operating in Ireland are chargeable to corporation tax at the 12½ per cent rate on the profits that are generated from their trading activities here. The 10 per cent corporation tax rate for profits from manufacturing expired at the end of 2010 and the 12½ per cent rate now applies to such profits. A higher 25 per cent rate applies in respect of investment, rental and other non-trading profits, as well as certain petroleum, mining and land dealing activities, while chargeable capital gains are taxable at the capital gains tax rate of 33 per cent. As it is not clear what the percentages requested by the Deputy are by reference to, the percentage of total Corporation Tax paid by alcohol producers for each year are set out as follows:
|
Corporation Tax |
2006 |
2007 |
2008 |
2009 |
2010 |
|
CT paid by alcohol producers €m |
94 |
113 |
89 |
64 |
64 |
|
Total CT Paid €m |
6,685 |
6,393 |
5,072 |
3,890 |
3,944 |
|
Amounts of CT paid by alcohol producers as % of amounts of total CT paid €m |
1.4% |
1.8% |
1.8% |
1.6% |
1.6% |
Money figures in the table are rounded to the nearest million.
The sector identifier used on the tax records is based on the 4 digit “NACE code (currently Rev. 2)” which is an internationally recognised economic activity code system. The NACE codes are not essential for the assessment and collection of taxes and duties and the correct allocation and maintenance of these codes is subject to the limit of available resources. NACE code classifications on tax records are compiled 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 those codes without reference to the precise economic activity which generated them.
While the accuracy of the NACE codes on tax records 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. The sector identified for this reply represents the closest equivalents in the NACE code system to the sector mentioned in the question.
