Written answers
Tuesday, 29 September 2015
Department of Finance
Tax Credits
Pearse Doherty (Donegal South West, Sinn Fein)
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300. To ask the Minister for Finance the cost of introducing a Pay-As-You-Earn credit for self-employed persons of €135; €200; €250; €300; €350; and €400. [33451/15]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the respective estimated first and full year costs to the Exchequer of introducing such a credit for the following amounts: €135, €200, €250, €300, €350 and €400 are set out in the following table:
Credit | First Year Cost €m | Full Year Cost €m |
---|---|---|
€135 | 24 | 45 |
€200 | 36 | 66 |
€250 | 45 | 82 |
€300 | 54 | 99 |
€350 | 63 | 115 |
€400 | 72 | 132 |
These figures are estimates for 2016 from the Revenue tax forecasting model using the latest actual data for the year 2013, adjusted as necessary for income, self-employment and employment trends in the interim. They are, therefore, provisional and may be revised.
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