Michael McGrath (Cork South Central, Fianna Fail)
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137. To ask the Minister for Finance the amount of tax paid by companies operating in the International Financial Services Centre in Dublin, in 2013 and in 2014; and if he will make a statement on the matter. [29732/15]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that the total Corporation Tax receipts from the financial and insurance activities sector for the years 2013 and 2014 were around €1,026 million and €1,045 million respectively. The estimated total PAYE and associated USC receipts from this sector were in the region of €1,875 million for 2013 and €2,010 million for 2014.

I am further advised by Revenue that it is not possible to precisely identify the contribution of companies in the Financial Services Centre to this total. There are however some indications of the size of this contribution.

The estimated Corporation Tax paid in 2013 and 2014 by companies previously licensed to operate in the International Financial Services Centre (IFSC) is of the order of €497 million and €545 million respectively. It should be noted that these figures relate only to those companies that were once licensed under the preferential IFSC tax regime, which expired in 2005, and for which registrations ceased in 2002. The estimated total PAYE and USC receipts associated with these companies for 2013, the latest year available, is in excess of €415 million. The PAYE and USC receipts associated with these companies for 2014 is not yet available.

Separately, based on Revenue analysis of more recent Central Bank information on companies currently operating in the international financial services area, these companies are estimated to have paid around €621 million in Corporation Tax in 2013 (the most recent tax year for which data are available). The associated amount of PAYE and USC is tentatively estimated to be in the region of €332 million. These estimates are tentative and should be considered as provisional, as they may be revised subject to improved information becoming available.