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Tax Yield

Dáil Éireann Debate, Tuesday - 25 September 2012

Tuesday, 25 September 2012

Ceisteanna (97)

Richard Boyd Barrett

Ceist:

97. Deputy Richard Boyd Barrett asked the Minister for Finance the amount of tax that hospital consultants with private practices paid on their total income in 2011 and the effective tax rate. [40157/12]

Amharc ar fhreagra

Freagraí scríofa

I am informed by the Revenue Commissioners that the relevant information available is in respect of income tax paid by individuals engaged in specialist medical practice activities. Hospital consultants are classified on tax records as a constituent of specialist medical practice activities and are classified within the same economic sector as certain other health-related services, such as treatment in family planning centers and therefore cannot be separately identified. The income tax for 2010 paid by individuals engaged in specialist medical practice activities amounted to close on €100 million representing an average effective tax rate of 29.7%, which is calculated as the percentage of total tax liability to gross income. It should be noted that gross income is as defined in Revenue Statistical Report 2010. This figure is derived from the details of personal income tax returns filed for the year 2010, the latest year for which the necessary detailed information is available.

You may wish to note that the sector identifier used on the tax records is based on the 4 digit “NACE code (Rev. 2)” which is an internationally recognised economic activity code system. The NACE codes are not essential for the assessment and collection of taxes and duties and the correct allocation and maintenance of these codes is subject to the limit of available resources within the Revenue Commissioners. NACE code classifications on tax records are compiled by reference to the primary area of economic activity reported by individual and corporate taxpayers on their own behalf and the taxes collected are allocated to those codes without reference to the precise economic activity which generated them.

While the accuracy of the NACE codes on tax records is sufficient to underpin broad sector-based analyses there will undoubtedly be some inaccuracies at individual level. This should be borne in mind when considering the information provided. The sector identified for this reply represents the closest equivalent in the NACE code system to the activity mentioned in the question.

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