Dáil Éireann - Volume 663 - 08 October, 2008
Written Answers. - Tax Yield.
Deputy Richard Bruton Deputy Richard Bruton
 Deputy Richard Bruton asked the Minister for Finance the revenue received from the construction industry each year from 2000 to 2004 reflecting the amount of VAT, PAYE, PRSI, corporation tax and income non-PAYE, site, labour and profit taxes. [34005/08]
Deputy Brian Lenihan Deputy Brian Lenihan
Deputy Brian Lenihan: I am informed by the Revenue Commissioners that the information furnished on tax returns does not generally require the yield from a particular sector or sub-sector of economic activity to be identified. Consequently, the precise figures of net yield of tax revenues from the construction industry cannot be readily identified.
Information in relation to VAT, Income Tax and Corporation Tax can, however, be provided as to the estimated gross amounts of taxes paid (i.e. before allowing for repayments) by taxpayers in the construction industry. In considering this data, it is important to bear in mind the specific assumptions that have been made and are set out in the notes below.
The gross yield of VAT (not including VAT on imports), PAYE/PRSI, Income tax non-PAYE and Corporation tax from taxpayers in the construction industry within the tax head is estimated as follows for 2004:
Please see accompanying Notes. Data for previous years are not readily available.
I am also informed by the Revenue Commissioners that data for earlier years are not readily available and could not be obtained without conducting a protracted examination of Revenue records.
Notes: These figures are gross receipts as provided by the Revenue Commissioners and differ slightly from the Exchequer receipts due to timing and accounting issues. “Income Tax (non-PAYE)” includes direct Income Tax and PRSI payments received from self-assessed taxpayers and the estimated Relevant Contracts Tax not offset to other taxes, attributable to the construction industry but excludes certain “deduction” taxes such as Deposit Interest Retention Tax, Withholding Tax on professional fees, Dividend Withholding Tax as well as yields from audit and other back duty settlements. The sector identifier used on the tax records is based on the 4 digit “NACE code (Rev. 1)” which is an internationally recognised economic activity code system. The NACE codes are not essential for the assessment and collection of taxes and duties and the correct allocation and maintenance of these codes is subject to the limit of available resources. While the accuracy of the NACE codes on tax records is sufficient to underpin broad sector-based analyses there will undoubtedly be some inaccuracies at individual level. This should be borne in mind when considering the information provided. The figure provided for the estimated gross yield from the construction industry has been expanded to include the yield from activities and businesses which are related, either in whole or in part, to the construction sector. An example of these would be architecture, engineering and the manufacture of products used in construction, but not real estate activities.
Dáil Éireann 663 Written Answers. Tax Yield.