Written answers
Wednesday, 19 October 2011
Department of Finance
Tax Code
6:00 pm
Jim Daly (Cork South West, Fine Gael)
Link to this: Individually | In context
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]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
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.
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context
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]
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context
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]
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context
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]
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context
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]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
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.
No comments