Bernard J. Durkan
Ceist:102 Mr. Durkan asked the Minister for Finance the extent to which income tax returns for the first six months of 2004 are in line with projections; and if he will make a statement on the matter. [18880/04]
Amharc ar fhreagraWednesday, 23 June 2004
Ceisteanna (100)
Freagraí scríofa
Income tax receipts, which are available for the period to end-May 2004 amounted to €3,841 million. This is €252 million or 7% ahead of the target outlined in the profile of expected Exchequer tax receipts in 2004 published by my Department at end-January.
Of the €252 million excess, PAYE accounted for €72 million, Schedule D for €56 million and €114 million of the remainder arises from the Revenue Commissioners audit activity, including special investigations. It should be noted however, that the bulk of any yield from Revenue's special investigations would be once-off in nature.