Michael McGrath (Cork South Central, Fianna Fail)
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59. To ask the Minister for Finance the cost of extending, to the self-employed, an earned income tax credit equivalent to the Pay-As-You-Earn tax credit; and if he will make a statement on the matter. [10646/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the cost to the Exchequer of extending the PAYE credit to the self employed and proprietary directors is estimated at €470 million in a full year.

These figures are estimates for 2015 from the Revenue tax forecasting model using the latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim. They are, therefore, 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.

Michael McGrath (Cork South Central, Fianna Fail)
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60. To ask the Minister for Finance the cost of reducing the 11% universal social charge rate for the self-employed to 8%; and if he will make a statement on the matter. [10647/15]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the estimated first and full year cost to the Exchequer of abolishing the Universal Social Charge surcharge of 3% on self-employed income in excess of €100,000 is €54 million and €125 million respectively.

All figures above are estimates for 2015, using the actual data for the year 2012 (the latest year for which data are available) adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.