I am advised by Revenue that a total of € 287m was written off as uncollectible in 2012, which was a decrease of €34m (11%) over 2011. A total of €107m was written off as uncollectible for the period 1 January to 31 March 2013. Revenue has not yet finalised the figures for April and May. The following table sets out the amounts written out for the periods requested on a taxhead basis. Over 70% of the tax written off last year was in the context of court processes such as liquidations and examinerships or due to business failure.
Taxes Written Out 2012 -2013 | - | - |
- | 2012 | Jan - Mar 2013 |
TAX | Amounts (m) | Amounts (m) |
Income Tax | 32.20 | 8.48 |
Corporation Tax | 4.80 | 8.89 |
Capital Gains Tax | 16.34 | 4.00 |
Value Added Tax | 130.54 | 45.62 |
PAYE | 39.13 | 18.72 |
PRSI | 49.78 | 17.10 |
Relevant Contracts Tax | 14.15 | 4.43 |
TOTAL | 286.94 | 107.24 |