Dáil Éireann Debate, Thursday - 10 November 2016
44. Deputy Gino Kenny asked the Minister for Finance the total level of capital allowances claimed by aircraft leasing firms for each of the years 2011 to 2015; the total tax paid by leasing companies that have benefitted from a 12.5% tax rate; and if he will make a statement on the matter. [34044/16]
Amharc ar fhreagraI am informed by Revenue that the number of companies and the total Corporation Tax, Value Added Tax (VAT) and Income Tax payments by the aircraft leasing industry for the years requested are as shown in the first table.
The second table shows the total trading capital allowances claimed, but not necessarily all used in the year, on the Corporation Tax returns filed for each tax year. The capital allowances claimed by these companies for 2015 are not shown as the returns for that year have only recently been filed and have not yet been analysed.
I am advised that the figures are based on the industry description (NACE code) assigned to businesses on the Revenue taxpayer register. I am further advised that the amounts of VAT paid (or repaid) cannot be separated out to identify the amounts paid at different rates.
|
Year |
Companies |
VAT* |
Employers PAYE Tax paid |
Income Tax paid |
Corporation Tax paid |
Capital Gains Tax paid |
Total Tax |
|
Number |
€m |
€m |
€m |
€m |
€m |
€m |
|
|
2011 |
1,580 |
-19 |
30 |
0 |
20 |
0 |
31 |
|
2012 |
1,754 |
-21 |
36 |
0 |
36 |
0 |
51 |
|
2013 |
2,021 |
-17 |
51 |
0 |
29 |
0 |
63 |
|
2014 |
2,284 |
-15 |
55 |
0 |
23 |
0 |
63 |
|
2015 (provisional) |
2,597 |
-26 |
77 |
0 |
34 |
0 |
85 |
*The Aircraft Leasing Sector is in a net repayment position in respect of VAT for each year.
|
Total Capital Allowances Claimed |
|
|
Year |
€ billion |
|
2011 |
6.9 |
|
2012 |
8.4 |
|
2013 |
9.1 |
|
2014 |
11.2 |
|
2015 |
Not Yet Available |
