Written answers

Tuesday, 24 November 2015

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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165. To ask the Minister for Finance the number of companies that paid corporation tax in the bands €0 to €50,000, €50,000 plus to €100,000, €100,00 plus to €500,000, €500,000 plus to €1 million, €1 million plus to €5 million, and €5 million plus, in tabular form; and if he will make a statement on the matter. [41606/15]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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166. To ask the Minister for Finance the average increase in corporation tax paid in 2015 to date, by the top 20% of companies; and the equivalent amount at this point in 2014; and if he will make a statement on the matter. [41607/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 165 and 166 together.

I am informed by the Revenue Commissioners that the numbers of companies with a corporation tax payment within the bands requested in 2014, the latest full calendar year for complete data are available, are as set out in the table below. The Deputy should note that the table only includes companies that made a tax payment in respect of 2014.

Payment Band

Number of Companies
1-50,00031,481
50,001-100,0001,675
100,001-500,0001,709
500,001-1,000,000317
1,000,000-5,000,000330
Over 5 million140

In relation to the second question, I am informed by the Revenue Commissioners that the estimated average increase in corporation tax payments for the first ten months of this year compared to the equivalent payment in 2014, by the top 20 per cent of payers, was 57 per cent. This is driven by an increase in the number of companies paying tax in this category as the overall population of tax paying companies is larger and by an increase in the average payment in the top 20%.  This percentage was calculated on the basis of their gross corporation tax payments.

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