asked the Minister for Finance if he will state, in respect of each year from 1939 to 1946, inclusive, the number of companies paying corporation profits tax, including excess corporation profits tax.
Ceisteanna—Questions. Oral Answers. - Corporation Profits Tax.
Statistics relating to corporation profits tax (including excess corporation profits tax) are not recorded in such a manner as would enable the information asked for by the Deputy to be supplied without the expenditure of a considerable amount of time and labour. Figures are available, however, in the annual reports of the Revenue Commissioners showing the number of assessments to corporation profits tax (including excess corporation profits tax) made for each financial year. The numbers of assessments made for each of the years 1939/40 to 1946/47 are as follows:—
1939/40 |
388 |
1943/44 |
1,083 |
1940/41 |
478 |
1944/45 |
1,165 |
1941/42 |
706 |
1945/46 |
1,289 |
1942/43 |
956 |
1946/47 |
1,376 |
The increase in the figures from 1941 onwards is due partly to the reduction in the margin of exemption from corporation profits tax from £5,000 to £2,500 and partly to the increased profits of companies, which brought into the charge concerns not formerly liable to the tax.