asked the Minister for Finance if he will state for each of the income tax years ending 1937, 1946, 1950, 1956, 1961 and 1966 (a) the total amount of income tax, including sur-tax, collected (b) the total amount of tax collected under Schedule E, and (c) the amount collected under Schedule E, as a percentage of the total tax collected for each of these years.
Ceisteanna—Questions. Oral Answers. - Income Tax Collection.
104.
As the answer is in the form of a tabular statement, I propose, with your permission, a Cheann Comhairle, to have it circulated with the Official Report.
Following is the statement:
|
Year |
Net produce of Income Tax (including Sur-tax) |
Net produce of Income Tax under Schedule E |
Schedule E net produce as percentage of total net produce of Income Tax (excluding Sur-tax) |
|
(1) |
(2) |
(3) |
(4) |
|
£ |
£ |
% |
|
|
1936-37 |
5,160,800 |
798,000 |
17.29 |
|
1945-46 |
13,807,500 |
2,533,000 |
19.51 |
|
1949-50 |
17,403,400 |
3,996,000 |
25.25 |
|
1955-56 |
25,091,300 |
6,048,000 |
26.35 |
|
1960-61 |
25,373,100 |
6,106,000 |
25.83 |
|
1965-66 |
54,901,300 |
26,900,000 |
51.44 |
NOTES.
1. Net produce of Income Tax is the estimated ultimate yield from the tax assessed in a given year, whether actually collected in that year or later, after deducting all discharges and remissions and setting off all repayments.
2. The figures in column (2) include, so far as Sur-tax is concerned, the net receipt of Sur-tax for each of the years specified in column (1).
3. Figures of the net produce of Income Tax under Schedule E are not available for any year subsequent to 1962-63 in consequence of the introduction of the system of "one taxpayer, one charge" in 1963-64 following on recommendations in the Second Report of the Commission on Income Taxation. However, it is possible to make a reasonably reliable estimate of the net receipt of Schedule E tax since it consists almost wholly of tax collected under P.A.Y.E. and under Rule 11 of the Rules applicable to Schedule E. In the circumstances the figures for Income Tax included in columns (2) and (3) for 1965-66 are net receipt figures and not figures of net produce. The percentage figure for 1965-66 in column (4) should be read accordingly.
4. The figure of total net produce of Income Tax for 1960-61 included in column (2) and the net produce of Income Tax under Schedule E shown for that year in column (3) are not comparable with the corresponding figures for earlier years because, in arriving at the net produce figures for 1960-61, deductions estimated at £4,150,000 were allowed in respect of the abatement (i.e., one-half of the net tax for the year 1960-61) provided for by Section 14 of the Finance (No. 2) Act, 1959, in the case of emoluments coming within the scope of Pay As You Earn.