Written answers
Wednesday, 29 February 2012
Department of Finance
Tax Code
9:00 pm
Seán Fleming (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context
Question 51: To ask the Minister for Finance if he will set out in tabular form the corporation tax rate prevailing in each year from 1985 to date; the receipts from corporation tax; the total receipts of taxation in each year; the percent of total taxation received from corporation tax; and if he will make a statement on the matter. [11805/12]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
I am informed by the Revenue Commissioners that the information requested by the Deputy is as follows for the years in question. The total tax revenue and corporation tax revenue figures in columns C and D in the following table are Revenue "net receipts" figures which can differ from tax revenues reported on an Exchequer basis for accounting and timing reasons.
| Year(A) | Standard Rate of Corporation Tax applicable to profits earned in the year(B) | Total net receipt of alltax revenue(C) | Total net receipt ofcorporation tax(D) | Corporation tax as a percentage ofall tax revenue(E) |
| €m | €m | |||
| 1985 | 50% | 6,797.2 | 276.2 | 4.1% |
| 1986 | 50% | 7,442.2 | 327.5 | 4.4% |
| 1987 | 50% | 7,944.9 | 324.7 | 4.1% |
| 1988 | 50% & 47% | 8,974.4 | 425.2 | 4.7% |
| 1989 | 47% & 43% | 9,097.0 | 384.7 | 4.2% |
| 1990 | 43% | 10,056.3 | 603.0 | 6.0% |
| 1991 | 43% & 40% | 10,581.7 | 754.4 | 7.1% |
| 1992 | 40% | 11,333.1 | 938.0 | 8.3% |
| 1993 | 40% | 12,333.9 | 1,209.0 | 9.8% |
| 1994 | 40% | 13,775.1 | 1,438.2 | 10.4% |
| 1995 | 38% & 40% | 14,360.9 | 1,458.0 | 10.2% |
| 1996 | 38% | 15,907.7 | 1,813.4 | 11.4% |
| 1997 | 38% & 36% | 18,107.4 | 2,155.0 | 11.9% |
| 1998 | 32% | 20,463.9 | 2,614.3 | 12.8% |
| 1999 | 28% | 23,532.5 | 3,442.4 | 14.6% |
| 2000 | 24% | 27,223.8 | 3,885.3 | 14.3% |
| 2001 | 20% | 28,023.8 | 4,143.9 | 14.8% |
| 2002 | 16% | 29,276.6 | 4,803.8 | 16.4% |
| 2003 | 12.5% | 32,218.9 | 5,155.4 | 16.0% |
| 2004 | 12.5% | 35,784.6 | 5,335.0 | 14.9% |
| 2005 | 12.5% | 39,503.3 | 5,503.2 | 13.9% |
| 2006 | 12.5% | 45,539.3 | 6,684.6 | 14.7% |
| 2007 | 12.5% | 47,505.4 | 6,393.4 | 13.5% |
| 2008 | 12.5% | 41,074.4 | 5,071.5 | 12.3% |
| 2009 | 12.5% | 33,278.7 | 3,889.5 | 11.7% |
| 2010 | 12.5% | 31,919.6 | 3,943.6 | 12.4% |
| 2011 | 12.5% | 34,237 (preliminary) | 3,500.4 (preliminary) | 10.2% |
Note: Where two tax rates are shown for a year it denotes a rate change applying during the year.
No comments