Written answers
Thursday, 1 October 2015
Department of Finance
Budget 2016
Michael McGrath (Cork South Central, Fianna Fail)
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60. To ask the Minister for Finance to provide a detailed breakdown of the carry-over effect in relation to taxation measures for budget 2016; and if he will make a statement on the matter. [33752/15]
Michael Noonan (Limerick City, Fine Gael)
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The table below provides a breakdown of the minus c. €340 million in respect of the carryover effect of measures previously introduced or due to expire in 2016, which was taken account off in the calculation of the estimated fiscal space for 2016 of €1.2 - €1.5 billion in the Spring Economic Statement last April.
Tax head | 2016 Carryover €m |
---|---|
Income Tax | -192 |
Corporation Tax | -15 |
VAT | -2 |
CAT | +1 |
Pension Levy | -135 |
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