Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the estimated savings for the Exchequer in 2013 and in a full year from standardising tax reliefs. [38294/12]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the deductions and reliefs which are allowable for tax at an individual’s marginal rate of income tax and for which estimates of cost can be provided are set out below together with estimated costs for the year 2009, the most recent year for which the necessary estimates are available. If relief for these deductions and reliefs was confined to the standard rate of income tax the saving to the Exchequer could be of the order of €1,000 million. This estimate does not take into account any possible behavioural change on the part of taxpayers as a consequence of such a change or the economic effect of such a change. This applies in particular to the BES, Film Relief and Capital Allowances regime. The standard rating of employee pension reliefs would also have an impact on workers’ take home pay.

It should be noted that there have been changes since this period, i.e. some schemes have been abolished or modified and others have been introduced. For instance, as the Deputy will be aware, the BES was re-launched as the Employment and Investment Incentive, with changes to the amount of relief payable and types of companies that can qualify.