Tuesday, 8 March 1966
Dáil Eireann Debate
Mr. Cosgrave: asked the Minister for Finance if he will state the amount collected under Schedule E Income Tax for the years 1964-65 and 1965-66 in the terms of the reply to Question No. 116 of 8th April, 1964; and, if any such information is not now available, the date on which it will be available.
Mr. Cosgrave: asked the Minister for Finance the Budget estimate of the increase in the amount of income tax to be collected under each income tax schedule as between 1964-65 and 1965-66 and in relation to Schedule E giving the amount referable to PAYE.
 Under the system of “one taxpayer, one charge” introduced in 1963-64 following on recommendations in the Second Report of the Commission on Income Taxation, a single assessment is made on the taxpayer in respect of his total income. The amount of tax due is stated in one sum without regard to the particular Schedules under which the relevant income arises. The tax referable to particular Schedules does not emerge under the new system and accordingly figures are not available, for 1963-64 or subsequent years, of the net produce of tax under each Schedule.
As regards Schedule E tax, however, since it consists almost wholly of tax collected under PAYE and under Rule 11 of the Rules applicable to Schedule E, it is possible to make a reasonably reliable estimate of the net receipt.
The amount of income tax collected under Schedule E in 1964-65 was £22.5 million approximately of which £18.9 million was referable to Pay As You Earn. It is estimated that the Schedule E tax to be collected in 1965-66 will amount to approximately £26.4 million of which £21.3 million will be collected under Pay As You Earn.
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