Written answers

Thursday, 5 November 2009

10:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 66: To ask the Minister for Finance the estimated revenue from the income levies expected in 2010. [39744/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Income Levy was introduced in October of last year in Budget 2009 and the rates subsequently increased in the Supplementary Budget in April of this year. Based on these forecasts, it was estimated that the Income Levy would yield approximately €1.1 billion in 2009.

The Pre-Budget Outlook will update the macroeconomic projections for the period 2009-2013. As part of that process, my Department will also set out a technical fiscal forecast on a pre-Budget basis for 2010 and beyond. The Pre-Budget Outlook will be published shortly. Then, as is customary, post-Budget tax forecasts will be published on Budget day which is scheduled for December 9th.

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