Written answers
Wednesday, 17 September 2014
Department of Finance
Tax Yield
Róisín Shortall (Dublin North West, Independent)
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307. To ask the Minister for Finance the number of taxpayers within the high earner restriction in 2012, analysed within income bands of €125,000 to €250,000, €250,001 to €500,000, €500,001 to €750,000, €750,001 to €1,000,000 and more than €1 million; the estimated extra yield arising in the year because of the restrictions and also the estimated yield because of the restrictions in 2013 and 2014 [34388/14]
Michael Noonan (Limerick City, Fine Gael)
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The Revenue Commissioners prepare an annual report on the application of the high income individual's restriction[1]. The following figures on the numbers of individuals who fall within specific bands and the amount of additional tax raised are extracted from those reports:
| € | € | 2009 | 2010 | 2011 |
|---|---|---|---|---|
| Up to | €250,000 | 31 | 767 | 580 |
| €250,001 | €500,000 | 238 | 509 | 362 |
| €500,001 | €650,000 | 42 | 99 | 80 |
| €650,001 | €800,000 | 38 | 63 | 46 |
| €800,001 | €1,000,000 | 28 | 38 | 24 |
| In excess of | €1,000,000 | 75 | 68 | 51 |
| Total number of individuals | - | 452 | 1,544 | 1,143 |
| Additional tax | - | €38,865,420 | €80,177,797 | €63,598,808 |
With effect from 2010 the income level at which the restriction started to apply was reduced from €250,000 to €125,000.For that reason there are significantly more individuals in the "up to €250,000" bracket for 2010 and 2011 than for 2009.
Income tax returns for 2012 were filed in October and November 2013 and a report with an analysis of the yield for 2012 will be published shortly.
No estimate has been prepared for the additional yield that may arise in 2013 or 2014.
[1]The 2011 report is available on:
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