Written answers
Wednesday, 24 June 2015
Department of Finance
Budget Measures
Peadar Tóibín (Meath West, Sinn Fein)
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113. To ask the Minister for Finance the amount, if any, carried over to 2015 as a result of Budget 2014 measures; and a detailed breakdown thereof. [25288/15]
Michael Noonan (Limerick City, Fine Gael)
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It was estimated that there would be a small negative carryover into 2015, in the region of €21 million, as a result of Budget 2014 measures.
Tax Head | 2015 Carryover €m |
---|---|
Income Tax | +54 |
VAT | -62 |
Excise Duties | -8 |
Stamp Duty | -5 |
I should point out that the exact impact of carryovers will be reviewed as part of the normal Budgetary process, as there are a lot of moving parts to be considered, such as economic growth, take up of various schemes and specific tax relevant factors, which could impact on the expected return from the measures.
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