Written answers

Wednesday, 19 October 2011

6:00 pm

Photo of Jim DalyJim Daly (Cork South West, Fine Gael)
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Question 30: To ask the Minister for Finance if he will investigate the tax affairs of a person (details supplied); and if he will make a statement on the matter. [30233/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the person concerned has written to the Revenue Commissioners seeking an internal review of his tax affairs. Revenue's Internal Review Unit will ensure that the review is completed as soon as possible.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 31: To ask the Minister for Finance the cost to the Exchequer of taking all those earning below €15,000 out of the universal social charge. [30265/11]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 32: To ask the Minister for Finance the cost to the Exchequer of taking all those earning below €20,000 out of the universal social charge. [30266/11]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 33: To ask the Minister for Finance the cost to the Exchequer of taking all those earning below €25,000 out of the universal social charge. [30267/11]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 34: To ask the Minister for Finance the cost to the Exchequer of taking all those earning below €30,000 out of the universal social charge. [30268/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 31 to 34, inclusive, together.

I am advised by the Revenue Commissioners that the estimated full year costs to the Exchequer, estimated by reference to 2012 incomes, of increasing the existing exemption threshold of €4,004 for the universal social charge to €15,000, €20,000, €25,000 and €30,000 would be €120 million, €185 million, €465 million and €730 million respectively .

These figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends for the year 2012. They are therefore provisional and may be revised.

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