Financial Resolution No. 25 relates to section 472C of the Taxes Consolidation Act 1997 which was introduced in 2001 to provide income tax relief for trade union subscriptions for trade union members. The amount of relief at present is €350 at the standard rate of tax which is equivalent to a tax credit of €70. As part of the national recovery plan and with a view to widening the tax base it has been decided that this relief will be abolished for the tax year 2011 and subsequent tax years. The estimated yield to the Exchequer will be €19 million in 2011 and €26 million in a full year.

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