Written answers

Wednesday, 28 September 2005

9:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 530: To ask the Minister for Finance if he will report on the current situation in relation to the stallion tax exemption and the position of the European Commission in respect of same; and if he will make a statement on the matter. [25877/05]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Consideration of the issues involved in relation to the tax exemption for stallion stud fee income is still ongoing and I understand that the Commission has not yet concluded its deliberations on the matter. In the normal course, any proposals for change in tax exemptions are considered in the context of the annual budget.

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 531: To ask the Minister for Finance the expected distribution of income earners for income tax payments for 2005 broken down in number and percentage terms into the categories of exempt, marginal relief, standard rate, higher rate; and if he will give the comparative figures for each year from 1998 to date. [25878/05]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that the information requested by the Deputy is set out in the following table.

The figures for the years 1998-1999 to 2002 inclusive are based on incomes data derived from income tax returns held on Revenue records and have been grossed-up to an overall expected level to adjust for incompleteness in the numbers of returns on record at the time the data were extracted for analytical purposes. For the years 2003 to date, the figures are estimates from the Revenue tax forecasting model using actual data for the year 2002 adjusted as necessary to take account of more up-to-date estimates of income levels and numbers at work for the years in question. From the 1999-2000 tax year onwards the personal tax credits — formerly personal allowances — and employee credit — formerly PAYE allowance — are deducted after tax is calculated rather than before the tax calculation as was previously the case. This should be taken into account in comparing numbers with the 1998-1999 tax year. It should be noted that a married couple who have elected or have been deemed to have elected for joint assessment is counted as one tax unit.

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