Written answers

Tuesday, 7 November 2017

Photo of Joan CollinsJoan Collins (Dublin South Central, Independent)
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215. To ask the Minister for Finance the annual tax revenue collected, and the tax refunds relating to electronic relevant contracts tax, within the construction sector between the years 2014 and 2016, in tabular form. [46218/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the amounts received, offset and refunded in relation to RCT are set out in the table. I am further advised by Revenue that RCT payments relate to a number of different industries and it is not possible to separately identify RCT payments which relate only to the construction sector. However, construction accounts for the bulk of these activities.

Tax YearTax collected under the RCT SystemAmount of tax collected under the RCT system that was offset against tax liabilitiesAmount of tax collected under the RCT system that was refundedAmount of tax collected under the RCT system that has not yet been offset or refunded
2014€200.8m€121.2m€48.6m€31.0m
2015€200.6m€126.6m€61.5m€12.5m
2016€255.5m€161m€54.6m€39.9m

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