Timmy Dooley
Ceist:46. Deputy Timmy Dooley asked the Minister for Finance the amount of corporation tax that has been received in respect of oil and gas exploration in each year since 1992. [11370/18]
Amharc ar fhreagraThursday, 8 March 2018
Ceisteanna (46, 47, 48, 49)
Timmy Dooley
Ceist:47. Deputy Timmy Dooley asked the Minister for Finance the amount of corporation tax that has been received in respect of oil and gas extraction in each year since 1992. [11371/18]
Amharc ar fhreagraTimmy Dooley
Ceist:48. Deputy Timmy Dooley asked the Minister for Finance the amount of profit resource rent tax that has been received in each year since 2007. [11372/18]
Amharc ar fhreagraTimmy Dooley
Ceist:49. Deputy Timmy Dooley asked the Minister for Finance the amount of petroleum protection tax that has been received in each year since 2014. [11373/18]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 46 to 49, inclusive, together.
I am advised by Revenue that Corporation Tax received from companies involved in oil and gas exploration and extraction cannot be provided due to the low number of companies involved in the sector and Revenue’s confidentiality obligations. However, such companies are likely to be recorded in the trade sector “Mining and Quarrying”. The Deputy may wish to note that tax receipts by sector (including for Mining and Quarrying) are available from 2011 on the Revenue website at:
https://www.revenue.ie/en/corporate/documents/statistics/receipts/net-receipts-by-sector.pdf
For years 2007 to 2010, this breakdown is available on the Revenue website in table TR6 of the statistical reports archive which is available at: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/index.aspx
This sectorial breakdown is not available for earlier years.
I am further advised by Revenue that in respect of receipts of Profit Resource Rent Tax (PRRT) and Petroleum Production Tax (PPT), no tax liability has been identified on Corporation Tax returns filed following the introduction of these taxes. PRRT applies in respect of profits from operating oil and gas fields in respect of licences/licensing option granted on or after 1 January 2007 to 17 June 2014. PPT applies to revenues from oil and gas discoveries made under licensing authorisations granted on or after 18 June 2014. Therefore, PPT replaces PRRT for new authorisations. It is Revenue’s understanding that there have been no discoveries arising from licences granted since 1 January 2007.