Billy Timmins (Wicklow, Fine Gael)
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To ask the Minister for Finance the addition in tax that would be collected by an increase of 2% on the top rate of tax and the addition of tax that would be collected by an increase of 2% on the bottom rate of tax; and if he will make a statement on the matter. [40948/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2013 incomes, of increasing the standard rate and higher rates of income tax by 2 % would be approximately €923 million and €385 million respectively. The figures are estimated from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. They are, therefore, provisional and likely to be revised.

Billy Timmins (Wicklow, Fine Gael)
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To ask the Minister for Finance the estimated tax take that would be on a 1% tax rate on all welfare benefits including child benefit; and if he will make a statement on the matter. [40949/12]

Michael Noonan (Limerick City, Fine Gael)
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I assume the Deputy has in mind the application of a 1 per cent levy to all welfare benefits including child benefit. On the basis that the estimated provision for Social Welfare Benefits in 2012 is approximately €19.9 billion, which includes certain non-departmental operational costs but excludes administration and other administration expenses, the full year yield from the imposition of a 1% levy would be €199 million. This assumes that no new tax threshold, exemption, allowance or personal reliefs would be introduced to offset some of the tax.

The Deputy will no doubt be aware that many social welfare payments are already liable to income tax.