Dáil Éireann Debate, Tuesday - 24 October 2023
202. Deputy Carol Nolan asked the Minister for Finance the estimated proportion of corporation tax receipts that were spent on capital expenditure from 2015 to date; and if he will make a statement on the matter. [46591/23]
View answer203. Deputy Carol Nolan asked the Minister for Finance the total corporation tax receipts and the total tax receipts under all headings for each of the years 2010 to date, in tabular form; and if he will make a statement on the matter. [46592/23]
View answer204. Deputy Carol Nolan asked the Minister for Finance if a portion of corporation tax receipts were ring-fenced for capital expenditure from 2015 to date; and if he will make a statement on the matter. [46593/23]
View answerI propose to take Questions Nos. 202 to 204, inclusive, together.
As with all tax receipts, corporation tax revenues are received into the Central Fund. Issues from the Central Fund are used to fund the day-to-day running of the State and as such it is not generally possible to directly link a specific tax head to specific expenditure.
However, as the Deputy will be aware, in the Summer Economic Statement 2023 it was announced that €2¼ billion in windfall corporate tax receipts (i.e. estimates of corporate tax revenues that are not linked to the domestic economy) would be made available to support the delivery of capital infrastructure projects over the period 2024 to 2026. This approach makes use of these potentially transient revenues to build long-lasting improvements to our economy and society. The specific allocation of such funding is a matter for my colleague the Minister for Public Expenditure, NDP Delivery and Reform.
The tax revenue outturn for each year from 2010 to date (end-September 2023) is available at the Department of Finance’s databank at databank.finance.gov.ie/. This data is reproduced below for the Deputy’s convenience.
|
Tax Headings 2010-2023 |
||||||||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
Customs |
413 |
636 |
526 |
276 |
349 |
333 |
331 |
318 |
327 |
270 |
246 |
250 |
240 |
229 |
|
Excise Duty |
4,076 |
5,441 |
5,839 |
5,448 |
5,940 |
5,418 |
5,925 |
5,711 |
5,292 |
4,991 |
4,791 |
4,661 |
4,678 |
4,678 |
|
Capital Gains Tax |
452 |
1,747 |
1,642 |
951 |
1,075 |
994 |
826 |
822 |
669 |
561 |
369 |
414 |
416 |
347 |
|
Capital Acquisitions Tax |
226 |
605 |
581 |
494 |
533 |
522 |
460 |
415 |
400 |
357 |
279 |
283 |
244 |
238 |
|
Stamps |
1,033 |
1,824 |
1,483 |
2,090 |
1,515 |
1,453 |
1,204 |
1,194 |
1,268 |
1,687 |
1,340 |
1,429 |
1,391 |
960 |
|
Income Tax |
23,131 |
30,728 |
26,667 |
22,711 |
22,934 |
21,242 |
20,009 |
19,169 |
18,359 |
17,157 |
15,758 |
15,176 |
13,798 |
11,276 |
|
Corporation Tax |
14,444 |
22,643 |
15,324 |
11,833 |
10,888 |
10,385 |
8,201 |
7,351 |
6,872 |
4,614 |
4,270 |
4,216 |
3,520 |
3,924 |
|
Value Added Tax |
16,769 |
18,601 |
15,441 |
12,424 |
15,118 |
14,234 |
13,303 |
12,420 |
11,944 |
11,153 |
10,336 |
10,171 |
9,741 |
10,101 |
|
Training and Employment Levy |
0 |
0 |
0 |
0 |
0 |
- |
0 |
0 |
1 |
0 |
0 |
0 |
0 |
1 |
|
Local Property Tax |
134 |
- |
477 |
463 |
469 |
491 |
318 |
47 |
- |
- |
||||
|
Motor Tax Receipts |
718 |
904 |
907 |
939 |
962 |
977 |
- |
- |
- |
- |
100 |
|||
|
Total |
61,395 |
83,130 |
68,410 |
57,165 |
59,314 |
55,557 |
50,737 |
47,864 |
45,601 |
41,282 |
37,806 |
36,646 |
34,027 |
31,753 |
