Dáil Éireann Debate, Tuesday - 20 October 2015
279. Deputy Michael McGrath asked the Minister for Finance the annual corporate tax, and other named taxes, paid by the revenues generated by aircraft leasing firms based here in the years 2010 and 2014, in tabular form; and if he will make a statement on the matter. [36091/15]
View answerI am advised by the Revenue Commissioners that tax payments by the aircraft leasing industry for the years 2010 to 2014 are as shown in the following table. This is based on the primary industry description (NACE code) assigned to businesses on the Revenue taxpayer register. I am further advised that Revenue is currently reviewing the classification of aircraft leasing companies on its records and, pending the outcome of this review, these figures should be considered as provisional and may be updated in the future.
|
- |
VAT[1] |
Employer's PAYE |
Corporation Tax |
Total |
|
- |
€m |
€m |
€m |
€m |
|
2010 |
-16 |
25 |
15 |
24 |
|
2011 |
-19 |
30 |
20 |
31 |
|
2012 |
-21 |
36 |
36 |
51 |
|
2013 |
-17 |
51 |
29 |
63 |
|
2014 |
-15 |
55 |
23 |
63 |
The available information in respect of the revenues generated by the aircraft leasing industry is the amount of taxable profits from the Corporation Tax returns filed for the years 2010 to 2013, the latest years available, and are as shown in the following table. The figures are in respect of accounting periods ended in the calendar year shown and are not the exact equivalent of calendar year receipts periods shown in the table above.
|
Year |
Taxable Profits €m |
|
2010 |
108 |
|
2011 |
236 |
|
2012 |
178 |
|
2013 |
231 |
|
2014 |
Not Yet Available |
[1] The Aircraft Leasing Sector is in a net repayment position in respect of VAT for each year.
