Written Answers. - PAYE Income Tax Yield.

Tony Gregory


78 Mr. Gregory asked the Minister for Finance the amount paid by the PAYE sector in income tax during 1993; and the amount paid by the farming community in income tax during 1993.

Following is the information requested:

Income Tax Paid in 1993






(¹)The figure covers more than income tax on ordinary wages and salaries. It includes tax paid by directors of close companies who are akin to the self-employed as well as tax on "other income" of employees such as rent and other investment income. It also includes the tax paid under PAYE on the income from employment of farmers and other self-employed individuals.
(²)Income tax on farming profits is collected with Schedule D tax generally and the figure shown is, to some extent, estimated. The figure shown is the tax paid by full-time farmers together with the estimated tax paid by trader-farmers on their farming profits only.
The figures in the table do not include receipts of deposit interest retention tax or for certain other miscellaneous tax payments. Basic data are not available which would enable the amounts of these tax payments which are attributable to particular classes of taxpayers to be ascertained.
The amounts paid by each sector must be seen in the context of the relative numbers of taxpayers in each of the sectors mentioned.