Dáil Éireann Debate, Thursday - 12 November 2015
83. Deputy Michael McGrath asked the Minister for Finance the amount of corporation tax collected from multinational companies from January to October 2015 from the top ten paying named sectors, by sector, each in tabular form; and if he will make a statement on the matter. [39979/15]
View answer84. Deputy Michael McGrath asked the Minister for Finance the amount of corporation tax collected from multinational companies from January to October 2014 from the top ten paying named sectors, by sector, each in tabular form; and if he will make a statement on the matter. [39980/15]
View answerI propose to take Questions Nos. 83 and 84 together.
Given the importance of Corporation Tax receipts in November, any sectoral or other analysis on receipts for the year to date, risks being misleading or incomplete.
I am informed by the Revenue Commissioners that the information currently available in respect of Corporation Tax payments from multinationals for the period January to October 2015, is highly tentative and subject to revision. It may be useful to note that it is estimated that around 80% of Corporation Tax receipts in 2014 and to date in 2015 was paid by multinationals.
The two most significant sectors in terms of Corporation Tax receipts for the year to date are ICT and pharmaceuticals. A full breakdown of 2015 payments by sector is not readily available at present. However, the Deputy may wish to note that a wide range of statistical information is available on the Commissioners' statistics webpage at www.revenue.ie/en/about/statistics/index.html.
In addition, a breakdown by relevant tax-head for the various sectors in respect of each completed year is available on the Revenue Commissioners website at the following link:
http://www.revenue.ie/en/about/statistics/net-receipts-by-sector.pdf.
Figures for 2014 Corporation Tax payments are available and updates for 2015 will be published in due course.
