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Tax Yield

Dáil Éireann Debate, Thursday - 18 July 2013

Thursday, 18 July 2013

Questions (64, 67)

Pearse Doherty

Question:

64. Deputy Pearse Doherty asked the Minister for Finance the the tax revenue generated through the aircraft leasing sector for each year since 2005. [35952/13]

View answer

Pearse Doherty

Question:

67. Deputy Pearse Doherty asked the Minister for Finance the value of assets held by Irish registered companies in the aircraft leasing sector and the value of revenue generated by this sector for each year since 2005. [35955/13]

View answer

Written answers

I propose to take Questions Nos. 64 and 67 together.

I am advised by the Revenue Commissioners that the data requested by the Deputy is contained in the following table.

Net Taxes Paid by the Aircraft Leasing Sector from 2005 to 2012

-

VAT 1

Employer's

Income

Corp.

CGT

Total

-

-

PAYE

Tax

Tax

-

-

-

€m

€m

€m

€m

€m

€m

2005

-6

9

0

4

0

7

2006

-10

12

0

8

0

10

2007

-13

16

1

27

1

32

2008

-11

24

0

22

0

35

2009

-19

21

0

19

0

21

2010

-16

25

0

16

0

25

2011

-19

32

0

20

0

33

2012

-22

37

0

36

0

51

1 The Aircraft Leasing Sector was in a net repayment position in respect of VAT for each year.

A corresponding breakdown is not available for Stamp Duty, VAT on Imports, Customs or Capital Acquisitions Tax.

The details provided are based on the NACE code classification. NACE code classifications in tax records are compiled by reference to the primary area of economic activity reported by individual and corporate taxpayers on their own behalf. The taxes collected are allocated to those codes without reference to the precise economic activity that 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.

Recent surveys on the aircraft leasing industry in Ireland indicate that it supports c.1,000 direct employees and c.500 indirect employees in high-value employments. I am informed by the Revenue Commissioners that as there is no requirement under tax law to return data on the value of assets it is not possible to provide the information on assets requested by the deputy.

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