Written answers
Tuesday, 1 December 2015
Department of Finance
Corporation Tax Regime
Pearse Doherty (Donegal South West, Sinn Fein)
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207. To ask the Minister for Finance further to Parliamentary Question No. 165 of 24 November 2015, the amount of corporation tax paid in 2014 by the bands identified; and if he will make a statement on the matter. [42837/15]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the estimated amount of Corporation Tax paid in 2014, as per the bands identified in Parliamentary Question Number 165, are as set out in the table.
| Payment Band € | Amount Paid €m |
|---|---|
| 1-50,000 | 236 |
| 50,001-100,000 | 116 |
| 100,001-500,000 | 362 |
| 500,001-1,000,000 | 221 |
| 1,000,001-5,000,000 | 712 |
| Over 5 million | 3,466 |
The total of the amount in the above table is €5,113 million. However, total net receipts of Corporation Tax for 2014 amounted to €4,617 million. The difference between these two amounts is due to the fact that a number of companies were in a position to claim repayments, which are not included in the table.
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