Written answers

Thursday, 3 December 2009

5:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 96: To ask the Minister for Finance further to Parliamentary Question Nos 156 and 157 of 24 November 2009, the number of tax refunds issued to date in 2009 below €1 million, more than €1 million, more than €5 million and more than €10 million to the banking and financial intermediation sector and the value of refunds to the banking and financial intermediation sector amounting to less than €1 million, more than €1 million, more than €5 million and more than €10 million. [45116/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Figures providing a breakdown of refunds of Income Tax (non-PAYE) and Corporation Tax in 2009 to mid-November for the banking and related financial intermediation sector, are set out in the following table.

Refunds By Size In 2009 for the Banking and related Financial Intermediation
Income TaxCorporation Tax
Size of RefundNumberValue €mNumberValue €m
Less than €1m1,1763.267233.6
>= €1m and <€5m00.03779.4>= €5m and <€10m00.0539.4>= €10m00.05101.4
Total1,1763.2719253.8

It should be noted that the classification of taxpayers into the 'banking' and 'financial' sectors is done by reference to the primary area of economic activity reported by individual and corporate taxpayers on their own behalf and the taxes collected are allocated to these categories without reference to the precise economic activity which generated them. While this information 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.

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