Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To ask the Minister for Finance if he will provide the most up to date figures on corporate profits declared and corporate taxes paid for 2011 and 2012 including tables CTSI for these years and other tables in the possession of the Revenue Commissioners showing a more detailed breakdown in the application of allowances, deductions and write downs applied to declared profits, reducing the total corporation tax liability; and if he will make a statement on the matter. [1739/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the relevant information is contained in Tables CTS 1,CTS 2 and CTS 3 of the Statistical Reports published annually by the Commissioners and which can be found on the Revenue website at www.revenue.ie. The latest year for which information is published from that source is for 2009 which is contained in the 2010 report. The corresponding information for 2010 is set out in the following tables. This will be published in the 2011 report on the website. Data for the year 2011 and 2012 is not yet available. Included with these tables is a new explanatory table which outlines the process by which the final liability to corporation tax is arrived at for 2010.

Explanatory Note Regarding the Calculation of Total Taxable Income Figure Shown in Table CTS3.

The following is a brief explanation of how the total taxable income figure of €41,215m shown in table CTS3 is calculated. In table CTS3 certain allowances, deductions and reliefs are allowed at various points in the table and in some cases in a different panel. For example figures of trading charges are shown in the trading results panel of table CTS3 but they do not affect the calculations shown in CTS3 until after the “deductions” panel preceding the total taxable income figure.

The calculation below details all of the deductions and allowances that were actually allowed on the 2010 CT returns against total gross profits before arriving at total taxable income . It should be noted that the amounts shown for certain allowances such as capital allowances or losses in the table below differ from the amounts shown in table CTS3 as this calculation shows the amounts actually used and absorbed against trading income. Table CTS3 presents the figures as claimed in their entirety. Various credits are also applied after the calculation of gross tax at the various rates but these are not shown below but are listed on table CTS3.

Calculation of Total Taxable Income Figure Shown in Table CTS 3

CORPORATION TAX STATISTICS, 2010

Table CTS1 – Distribution Of Incomes and Tax