Results 2,161-2,180 of 19,445 for speaker:Brian Cowen

Written Answers — Salary Statistics: Salary Statistics (27 Oct 2005)

Brian Cowen: I propose to take Questions Nos. 147 and 148 together. I am informed by the Revenue Commissioners that the information requested by the Deputy is provided in the following tables. For completeness the numbers of income earners with gross income in excess of €1 million have also been included. Self-employed income earners have been distributed over the same income ranges as PAYE earners. For...

Written Answers — Tax Code: Tax Code (27 Oct 2005)

Brian Cowen: By reference to the 2006 pre-budget ready reckoner prepared by the Revenue Commissioners the full-year costs to the Exchequer of reducing the top rate of income tax by one percentage point and two percentage points are estimated to be €205 million and €415 million, respectively. These figures are provisional, subject to revision and estimated to the nearest €5 million. The ready...

Written Answers — Tax Code: Tax Code (27 Oct 2005)

Brian Cowen: The increases mentioned in the question are assumed to apply in similar measures to single and widowed persons and to include the normal consequential increases in the tax credit for lone parents. These amounts doubled are assumed to apply to married couples. On this basis, and by reference to the 2006 pre-budget ready reckoner prepared by the Revenue Commissioners, the full-year costs to the...

Written Answers — Tax Code: Tax Code (27 Oct 2005)

Brian Cowen: By reference to the 2006 pre-budget ready reckoner prepared by the Revenue Commissioners the full-year costs to the Exchequer of the increases mentioned by the Deputy are estimated as follows: Increase in employee (PAYE) credit. Estimated full-year cost â'¬m â'¬100 130 â'¬200 265 â'¬300 395 â'¬400 530 These figures...

Written Answers — Tax Code: Tax Code (27 Oct 2005)

Brian Cowen: I am informed by the Revenue Commissioners that the most recent relevant information available on medical expenses relates to the income tax year 2002, in respect of which some 143,900 claims for tax relief were allowed at an estimated cost to the Exchequer of approximately €63 million.

Written Answers — Tax Code: Tax Code (27 Oct 2005)

Brian Cowen: Income tax* and PRSI** payable by a single PAYE worker, 2001-2005. Income (€) 2001 2002 2003 2004 2005 â'¬ â'¬ â'¬ â'¬ â'¬ 30,000 Income tax 5,108 4,260 4,120 3,880 3,282 PRSI 936 936 936 936 936 40,000 Income tax 9,308 8,460 8,320 8,080 7,482 PRSI 1,196 1,291 1,336 1,336 1,336 50,000 Income tax 13,508 12,660 12,520...

Written Answers — : (27 Oct 2005)

Brian Cowen: I assume that, in relation to the double income family with a gross pay of €58,800, the salaries which the Deputy has in mind in relation to his second example are €38,400 and €20,400. The tax rates and bands for a married couple for 2005 are: married couple, one spouse with income, first €38,400 at 20%, balance at 42%; married couple, both spouses with income, first €38,400 with...

Written Answers — : (27 Oct 2005)

Brian Cowen: I propose to take Questions Nos. 155 and 168 together. I am informed by the Revenue Commissioners that the numbers of PAYE taxpayers availing of the home carer's tax credit, formerly an allowance, but converted to a tax credit in 2001, is in the following table. PAYE taxpayers availing of the home carer's tax allowance. Tax year 2000/01 2001 2002 2003 2004 2005 Numbers availing...

Written Answers — : (27 Oct 2005)

Brian Cowen: The basic tax credits available to a PAYE worker are the basic personal tax credit and the employee, PAYE tax credit. The basic personal tax credit has a value of €1,580 single and €3,160 married in the current tax year while the employee tax credit has a value of €1,270. PAYE workers and taxpayers generally may be entitled to other tax credits and allowances in addition to the basic...

Written Answers — : (27 Oct 2005)

Brian Cowen: I am informed by the Revenue Commissioners that the revenue raised from stamp duty in the last financial year, 2004, on property was €1,461 million, which can be divided into residential property of €752.1 million and non-residential property of €708.8 million. However, this data are not collected in such a manner that would allow a more detailed break-down of the annual yield to be...

Written Answers — : (27 Oct 2005)

Brian Cowen: I assume that what the Deputy has in mind is a change in the existing tax band structure in order to reduce the proportion of income earners paying at the top rate of tax to 20% of all income earners on tax records in 2006. Based on this assumption, the change in question could be brought about by the following changes in the tax band structure: increase the value of the married one-earner...

Written Answers — : (27 Oct 2005)

Brian Cowen: The current minimum wage is €7.65 per hour. This figure, indexed in line with an increase in average wages of, say, 4% would be €7.96 per hour which is equivalent to €16,143 on an annualised basis. By reference to the pre-budget 2006 income tax ready reckoner prepared by the Revenue Commissioners, it is estimated that the full year costs to the Exchequer of ensuring that no tax is paid...

Written Answers — : (27 Oct 2005)

Brian Cowen: I am advised by the Revenue Commissioners that the number of taxpayers who will pay tax at the top rate of income tax in 2005 is estimated to be 666,400 or 32.9% of the number of all income earners on the income tax record, including those who are exempt. The number of income earners is an estimate from the Revenue tax forecasting model using actual data for the year 2002 adjusted as...

Written Answers — : (27 Oct 2005)

Brian Cowen: The information requested for 2002 is as set out in the following table provided by the Revenue Commissioners. Sufficient data are not yet available to enable an update of the estimated corresponding cost to be provided for 2005 in respect of all of these items. INCOME TAX AND CORPORATION TAX Cost of Tax Credits, Allowances and Reliefs 2002 Tax Relief Provision (1) Estimated cost for...

Written Answers — : (27 Oct 2005)

Brian Cowen: I propose to take Questions Nos. 162 to 165, inclusive, together. Due to the lack of data, it is not possible to give a comprehensive reply. The latest figures available are in respect of the income tax year 2002. The total cost of tax relief on pensions contributions is tentatively estimated by the Revenue Commissioners at approximately €2.7 billion. This total figure is broken down in...

Written Answers — : (27 Oct 2005)

Brian Cowen: I am informed by the Revenue Commissioners that statistics on the amount of corporation tax paid by multinational corporations are not separately available. However, data can be derived from corporation tax returns on the percentage of corporation tax attributable to companies taxed wholly or partly at the reduced rate of 10%. Many of these companies could be classed as multinational...

Written Answers — : (27 Oct 2005)

Brian Cowen: I am advised by the Revenue Commissioners that the number of married income earners on the income tax record in 2005, including those who are exempt, is estimated as follows: married, one spouse earning, 334,500; married, both spouses earning, 325,800. These numbers are estimates from the Revenue tax forecasting model using actual data for the year 2002 adjusted as necessary for actual and...

Written Answers — : (27 Oct 2005)

Brian Cowen: I propose to take Questions Nos. 169 to 171, inclusive, together. It is assumed that what the Deputy requires are the numbers in each category as a percentage of all PAYE income earners on the tax record. I am advised by the Revenue Commissioners that the information requested by the Deputy is set out in the following table. Distribution of PAYE earners in different tax bands 1995/96 to...

Written Answers — : (27 Oct 2005)

Brian Cowen: I propose to take Questions Nos. 172 to 174, inclusive, together. It is assumed that what the Deputy requires are the numbers in each category as a percentage of all self-employed income earners on the tax record. I am advised by the Revenue Commissioners that the information requested by the Deputy is set out in the following table. Distribution of Self-Employed earners in different tax...

Written Answers — Stamping Services: Stamping Services (2 Nov 2005)

Brian Cowen: I am informed by the Revenue Commissioners that three stamping services are provided in the stamp office in Dublin Castle — two dealing with personal callers and the third a postal service. Instruments presented by personal callers for over-the-counter stamping are, subject to the documentation being correct, processed immediately at the time of presentation. For those personal callers who...