Written answers
Thursday, 6 November 2014
Department of Finance
Tax Yield
Lucinda Creighton (Dublin South East, Independent)
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70. To ask the Minister for Finance the additional revenues that would accrue to the State if the higher rate of income tax was raised by 4%. [42689/14]
Michael Noonan (Limerick City, Fine Gael)
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The Revenue Commissioners have published the Budget 2015 Ready Reckoner, on their website's statistics pages at . The reckoner shows a number of indicative changes to Income Tax rates. While the Ready Reckoner does not show the specific costings requested by the Deputy, other changes can be estimated on a broadly pro-rata basis with those displayed in the Reckoner. The Ready Reckoner will be updated in due course to reflect post-Budget 2015 changes in Income Tax but the impact on the estimated costing in this case is expected to be relatively minimal.
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