Colm Burke
Question:92. Deputy Colm Burke asked the Minister for Finance the amount received in income tax receipts in 2023; the total number of people paying income tax; and if he will make a statement on the matter. [4548/24]
View answerThursday, 1 February 2024
Questions (92)
Written answers
The total amount of income tax receipts collected for the Exchequer in 2023 was just under €33.0 billion. PAYE and self-assessed income tax, including USC, account for the vast majority of this. A full breakdown of the subcomponents of income tax in 2023 is still being finalised and will be published in Revenue’s Annual Report in April 2024.
I am further advised by Revenue that comprehensive statistics on the number of people paying income tax in 2023 will not be available until 2025. The self-assessed income tax paid in 2023, for the tax year 2023, relates to a preliminary payment only; the exact details of self-assessed taxpayers’ tax position, including the numbers paying, will only be finalised once they file their income tax return for 2023, the deadline for which is in Q4 of 2024. For PAYE taxpayers, their Provisional End of Year Statement (PEOYS) sets out their preliminary tax position. However, this may change as taxpayers file their PAYE Income Tax return, the effects of which may add or remove them from the cohort of taxpayers with a tax liability.
2021 is the latest tax year for which fully analysed data are available, when there was a total of 2.06 million taxpayer units with an income tax and/or USC liability. A taxpayer unit counts a jointly assessed couple as one unit.
The Deputy may also be interested to note that Revenue’s Ready Reckoner Post Budget 2024, which estimates the Exchequer impact of various potential tax changes, projects the number of taxpayer units that will pay income tax or USC in 2024 at an estimated 2.16 million units. The Ready Reckoner can be found on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx .