Dáil Éireann - Volume 451 - 04 April, 1995 - Written Answers.


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Dáil Éireann - Volume 451 - 04 April, 1995

Written Answers. - Corporation Profits Tax.

Mr. Hughes Mr. Hughes

87. Mr. Hughes asked the Minister for Finance the number of companies each paying standard rate corporation profits tax up to each of the following amounts £100,000; £250,000; £500,000; £1 million; £2 million; £3 million; £4 million; £5 million; £7.5 million; and over £10 million for the year for which final figures are available; and the percentage of the overall 40 per cent corporation profits tax paid to the State by each category. [6979/95]

Minister for Finance (Mr. Quinn) Ruairí Quinn

Minister for Finance (Mr. Quinn): The latest relevant information available relates to the corporation tax payable by companies with accounting periods falling between 1 April 1992 and 31 March 1993 and whose liability to the tax was confined exclusively to the standard rate of 40 per cent. This information is set out in the following table. However, because of the relatively small number of companies whose tax payable was in excess of £2 million, the precise breakdown requested by the Deputy is not given in order to protect the confidentiality of individual taxpayers.

997 998

[997] [998] Corporation Tax Liability 1992-93

Range of tax payable			Number of companies liable at 40%	Tax payable in each range as % of total
£		£		%
	Nil		23,134	0.0
1	—	100,000	16,511	27.7
100,001	—	250,000	251	9.8
250,001	—	500,000	98	8.5
500,001	—	1,000,000	47	7.8
1,000,001	—	2,000,000	29	9.6
over 2,000,000			27	36.6
All cases			40,097	100.0

Dáil Éireann 451 Written Answers. Corporation Profits Tax.

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