Pearse Doherty (Donegal South West, Sinn Fein)
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63. To ask the Minister for Finance the entry point at which a single PAYE worker starts to pay the standard rate of tax; the cost to the Exchequer of increasing that entry point by €500, €1000, €1500, €2000, €2500 respectively per annum; and his plans to increase tax credits or create a new minimum entry point. [32040/14]

Michael Noonan (Limerick City, Fine Gael)
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I assume that the Deputy refers to the point at which a single PAYE worker starts to pay tax at the 41% rate, which is at incomes over €32,800. I also assume that the Deputy refers to an extension of the standard rate Income Tax band, which would apply similarly to widowed persons, married couples and civil partnerships. 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 standard rate tax band to the PAYE sector by €500, €1,000, €1,500, €2,000 and €2,500, while also maintaining the current monetary differences between the single persons standard rate band and the various other classes of tax bands, is as shown in a table.

The figures quoted above are estimates from the Revenue tax forecasting model for 2014, using the latest actual data for the year 2011, adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised. A married couple or civil partners who have elected or have been deemed to have elected for joint assessment are counted as one tax unit.