Tony Gregory
Ceist:179 Mr. Gregory asked the Minister for Finance the total income tax paid by farmers for each of the past five years. [2998/98]
Written Answers. - Farmers' Income Tax.
I have been informed by the Revenue Commissioners that the amounts of income tax paid on farming profits from 1993 to 1997 are estimated as follows:
|
Year |
Tax |
|
£m |
|
|
1993 |
55.0 |
|
1994 |
66.5 |
|
1995 |
70.0 |
|
1996 |
78.0 |
|
1997 |
84.9 |
Income tax on farming profits is collected with schedule D tax generally and the figures shown are to some extent estimated. The figures shown in the table are the tax paid by full-time farmers together with estimated tax paid by trader-farmers on their farming profits.
The figures do not include PAYE tax paid on employment income earned by farmers or their spouses. Such tax is included in the overall collection of PAYE and is not distinguished until after the income tax returns submitted by farmers have been analysed. An analysis of the returns for the income tax year 1994-95, the latest available, indicates that some £78 million in tax was paid by farmers, including trader-farmers, or their spouses, under the PAYE system for that year.
The figures for income tax yields do not include any yields in 1993 and 1994 under the 1993 tax amnesty. Also excluded from the calculations are tax receipts from deposit interest retention tax because it is not possible to apportion that tax between particular classes of taxpayers.