Tuesday, 21 May 2019

Questions (168, 169, 170)

Joan Burton

Question:

168. Deputy Joan Burton asked the Minister for Finance the estimated number of companies that were involved in aircraft leasing assessed to tax in each of the years 2012 to 2018, in tabular form. [21667/19]

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Joan Burton

Question:

169. Deputy Joan Burton asked the Minister for Finance the estimated number of companies that were involved in aircraft leasing assessed to tax under section 110 of the Taxes Consolidation Act 1997 in each of the years 2012 to 2018, in tabular form. [21668/19]

View answer

Joan Burton

Question:

170. Deputy Joan Burton asked the Minister for Finance the estimated corporation tax yield from companies which were involved in aircraft leasing arising in each of the years 2012 to 2018, in tabular form. [21669/19]

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Written answers (Question to Finance)

I propose to take Questions Nos. 168 to 170, inclusive, together.

I am advised by Revenue that the estimated number of companies (rounded to the nearest 100) that were involved in aircraft leasing liable to corporation tax is shown below together with the estimated Corporation Tax yield from companies which were involved in aircraft leasing.  

Year

Number of Companies

Net Receipts of Corporation Tax €m

2018

4,000

54

2017

3,300

40

2016

2,900

61

2015

2,500

34

2014

2,200

23

2013

1,900

29

2012

1,700

36

 

In relation to question on companies assessed to tax under section 110, I am advised by Revenue that there is no requirement for companies that have submitted a notification to Revenue that the company is a qualifying company for the purposes of section 110 of the Taxes Consolidation Act 1997 to state whether the company is engaged in aircraft leasing on the corporation tax returns submitted by the company.  Therefore, Revenue is not in a position to provide the information requested regarding the number of section 110 companies engaged in aircraft leasing.