Michael McGrath (Cork South Central, Fianna Fail)
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113. To ask the Minister for Finance the cost to the Exchequer that would arise from increasing the threshold for the top rate of tax for single earners from €32,800 to €34,000, €35,000, €38,000 and €40,000, respectively; and if he will make a statement on the matter. [55092/13]

Michael McGrath (Cork South Central, Fianna Fail)
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114. To ask the Minister for Finance the cost to the Exchequer that would arise from increasing the threshold for the top rate of tax for single earners from €32,800 to €34,000, €35,000, €38,000 and €40,000, respectively, with pro rata increases for married-civil partnership couples with two earners; and if he will make a statement on the matter. [55093/13]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 113 and 114 together.

I assume that the Deputy refers to increases in the standard rate tax bands, which would apply similarly to single and widowed persons, as well as to lone parents. In addition, the proposed increases are assumed to also apply to married/civil partnership couples. On this basis, I am informed by the Revenue Commissioners that the full year cost to the Exchequer, estimated by reference to 2014 incomes, of increasing the single person's standard rate tax band to €34,000, €35,000, €38,000 and €40,000 while also maintaining the current monetary differences between the single person's standard rate tax band and the various other classes of standard rate tax bands would be of the order of €190 million, €340 million, €740 million, and €975 million respectively.

These figures are estimates from the Revenue tax-forecasting model using latest actual data for the year 2011, adjusted as necessary for income and employment trends in the interim. They are, therefore, provisional and likely to be revised.

Michael McGrath (Cork South Central, Fianna Fail)
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115. To ask the Minister for Finance the cost to the Exchequer of increasing the PAYE and personal tax credits by €100, respectively; and if he will make a statement on the matter. [55094/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer, estimated by reference to 2014 incomes, of increasing the PAYE and personal tax credits by €100 respectively, would be of the order of €315 million. The increase in the personal tax credits mentioned in the Deputy’s question is assumed to apply in similar measure to widowed persons tax credit and to include the normal consequential increases in the tax credit for lone parents and the married tax credit. These figures are estimates from the Revenue tax-forecasting model using actual data for the year 2011 adjusted as necessary for income and employment trends in the interim. They are therefore, provisional and likely to be revised.

Michael McGrath (Cork South Central, Fianna Fail)
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116. To ask the Minister for Finance the approximate cost to the Exchequer from introducing a €100 per child tax credit; and if he will make a statement on the matter. [55095/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer, estimated by reference to 2014 incomes, of introducing an income tax credit of €100 for every child would be of the order of €68 million. This estimate is derived from the Revenue tax-forecasting model using actual data for the year 2011 adjusted as necessary for income and employment trends in the interim. It is therefore, provisional and likely to be revised.