Dáil Éireann - Volume 351 - 19 June, 1984 - Written Answers.


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Dáil Éireann - Volume 351 - 19 June, 1984

Written Answers. - Tax Revenue.

Mr. R. Bruton Mr. R. Bruton

1045

478. Mr. R. Bruton asked the Minister [1045] for Finance the administrative costs of the individual capital taxes, wealth tax, capital gains tax, and capital acquisitions tax since their inception in 1975 for each of the years to date; and the revenue from each respective tax in the years listed.

Minister for Finance (Mr. Dukes) Alan Dukes

Minister for Finance (Mr. Dukes): It is not possible to isolate the cost of collecting capital taxes from the overall cost of the administration of the inland revenue duties as a whole. For the years 1975 to 1982, the latest year for which statistics are available, the estimated cost of administering inland revenue duties is as follows:

1046

[1046]

Year ended 31 December	Cost of administration of Inland Revenue duties	Percentage of cost of net receipt
	£m
1975	12.7	2.3
1976	16.4	2.1
1977	17.4	1.8
1978	19.8	1.7
1979	23.7	1.8
1980	33.5	2.0
1981	41.8	1.9
1982	51.2	1.8

The net receipt of capital taxes is as follows:

Year ended 31 December	Wealth Tax	Capital Gains Tax	Capital Acquisitions Tax
	£	£	£
1975	3,672,411	40,166	—
1976	6,488,613	430,453	433,513
1977	5,806,066	1,470,248	2,931,806
1978	712,037	3,239,437	4,994,777
1979	758,028	3,996,472	7,530,036
1980	797,866	5,985,729	7,992,150
1981	705,761	6,171,607	9,156,015
1982	602,188	8,201,285	11,775,539
1983	654,171	8,673,693	14,666,187

Dáil Éireann 351 Written Answers. Tax Revenue.

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