Pearse Doherty (Donegal, Sinn Fein)
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I move amendment No. 5:

In page 9, to delete lines 14 and 15 and substitute the following:

“(a) In paragraph (a), by substituting “€1,400” for “€950”, and

(b) In paragraph (b), by substituting “€1,400” for “€950”.”.

The progress in terms of equalising the self-employed tax credit with the PAYE tax credit is too slow. I made the point during discussion on last year's Finance Act that we should have gone further than we did and that it should have been done over a three-year period. It was decided to go to €950 last year and the Government is proposing an increase of €200 to €1,150 this year. The amendment proposes an increase to €1,400 and full equalisation in the next finance Bill. The policy has taken a number of years to bring about the equalisation and there is no reason not to go beyond the increase to €1,150 upon which the Minister has decided this year. The amendment proposes an increase to €1,400.