Written answers
Thursday, 19 July 2012
Department of Finance
Tax Collection
5:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context
Question 108: To ask the Minister for Finance the approximate number of income tax cases for which no income tax liability will arise in 2012; the proportion of all income tax cases this represents; and if he will make a statement on the matter. [36482/12]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
I am advised by the Revenue Commissioners that the information requested by the Deputy is as follows, in respect of the income tax year 2012. Projected Distribution of Income Earners for 2012
| Tax Year | Exempt (Standard rate liability fully covered by credits or age exemption limits) | Standard rate (including those whose liability at the higher rate is fully offset by credits) | Higher rate (liability not fully off set by credits) | All cases | |||
| Numbers | % | Numbers | % | Numbers | % | ||
| Post Budget 2012 | 817,100 | 37.7 | 946,200 | 43.7 | 401,800 | 18.6 | 2,165,100 |
Numbers are rounded to nearest hundred.
The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends for the year 2012.
They are, therefore, provisional and likely to be revised.
It should be noted that a married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.
No comments