Written answers
Tuesday, 15 December 2015
Department of Finance
Tax Code
Michael McGrath (Cork South Central, Fianna Fail)
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148. To ask the Minister for Finance the details of the total net discretionary revenue measures in each year from 2017 to 2021, as per the economic and fiscal outlook provided with budget 2016; and if he will make a statement on the matter. [44784/15]
Michael Noonan (Limerick City, Fine Gael)
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The levels of discretionary revenue measures for the period 2015 to 2021 are set out in Table A6 on page C.49 of the Budget 2016 book.
A breakdown of measures for the period 2017 - 2021 is set out in the following table.
| Discretionary revenue Measures | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| € billion | |||||
| Carryover of Budget 2016 measures | -0.30 | ||||
| Carryover of 2016 non-indexation of Tax system | 0.10 | ||||
| Carryover from previous Budget measures | 0.01 | 0.01 | 0.04 | 0.01 | 0.00 |
| Total | -0.19 | 0.01 | 0.04 | 0.01 | 0.00 |
| % of GDP | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Carryover of Budget 2016 measures takes account of the full year cost against the first year cost as outlined in the Taxation measures described on pages A.5 to A.8 of the Budget 2016 book.
It should also be noted that there is a provision for indexation of the income tax system included in the baseline Budget figures. The potential additional revenue that would be generated from a political decision not to proceed with indexation is included as a discretionary revenue measure in the fiscal space calculations in Tables A8 and A9. This additional revenue, including carryover, is estimated at approximately €0.4bn a year. The final choice of measures will be a matter for decision by the next government.
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