Dáil Éireann Debate, Tuesday - 28 November 2017
103. Deputy Joan Burton asked the Minister for Finance the cost of double taxation relief granted against corporation tax in each of the years 2010 to 2016 and to date in 2017, in tabular form; and if he will make a statement on the matter. [49855/17]
Amharc ar fhreagra104. Deputy Joan Burton asked the Minister for Finance the cost of double taxation relief granted against corporation tax to companies assessed to tax in large cases division, by industry, in each of the years 2010 to 2016 and to date in 2017, in tabular form; and if he will make a statement on the matter. [49856/17]
Amharc ar fhreagraI propose to take Questions Nos. 103 and 104 together.
I am advised by Revenue that information in respect of the Exchequer cost of Double Taxation (including additional foreign tax credit) is available in tabular form on the Revenue Statistics webpage at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx.
The amount of the tax credit claimed by companies is shown separately at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/income-distributions/ct-calculation.aspx for 2011 to 2015 (the most recent year available). Information for 2010 is available at https://www.revenue.ie/en/corporate/documents/statistics/archive/statistical-report-2011.pdf on page 107.
The double taxation relief (including additional foreign credit) claimed by companies administered by Revenue’s Large Cases Division by sector for the years requested is as shown in the table below.
|
Sector |
2010 |
2011 |
2012 |
2013 |
2014 |
2015* |
|
€m |
€m |
€m |
€m |
€m |
€m |
|
|
Manufacturing |
19.7 |
20.9 |
16.7 |
7.8 |
14 |
49.9 |
|
Wholesale and retail Trade |
25.1 |
25.4 |
13.5 |
12.1 |
80.6 |
35.6 |
|
Information and Communication |
29.4 |
103.2 |
56.7 |
60 |
52 |
26.2 |
|
Financial and Insurance Activities |
363.3 |
242.6 |
291.3 |
243.2 |
483.6 |
754.9 |
|
Professional Scientific and Technical Activities |
97.5 |
89.1 |
101.4 |
119.1 |
128.6 |
150.9 |
|
Other Sectors |
13.1 |
17.3 |
14.1 |
10.7 |
16.8 |
44.4 |
|
All Sectors |
548 |
498.5 |
493.7 |
452.8 |
775.6 |
1061.9 |
*Information in respect of 2016 is not yet available as the bulk of the returns have only recently been filed and will be processed, parsed and analysed in the coming months.
