Pearse Doherty (Donegal, Sinn Fein)
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111. To ask the Minister for Finance the estimated revenue which would be generated by the implementation of measures (details supplied). [14877/17]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that the yield from applying a 3% betting duty on remote and in shop bets is estimated at €150m in a full year.

The additional yield from increasing the commission based tax on betting intermediaries to 20% and to 30% is estimated at €0.6m and €1.9m respectively in a full year.

These estimated yields are based on the assumption of no change in behaviour on the part of customers or suppliers of betting services.

As regards the difference between placing the 3% on each bet and on winnings, Revenue has no basis on which to estimate the yield or cost of this change.

Pearse Doherty (Donegal, Sinn Fein)
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112. To ask the Minister for Finance the estimated revenue that would be generated through increasing the tax on cigarettes by 10 cent, 20 cent and 50 cent per packet of 20, with a pro rata increase on other tobacco products. [14878/17]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that estimates for the yield from changes in duties on tobacco are included in the Ready Reckoner (page 22) on the Revenue statistics webpage: . These estimates assume pro-rata increases in other tobacco products.

Pearse Doherty (Donegal, Sinn Fein)
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113. To ask the Minister for Finance the estimated revenue raised by placing a tax on soft sugary drinks as set out in the 2017 tax strategy papers which would apply to water based and juice based drinks which have an added sugar content of 5 grams per 100 ml and above and levied at rates per hectolitre (details supplied), as indicated in the 2017 tax strategy paper. [14879/17]

Michael Noonan (Limerick City, Fine Gael)
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The 2016 Tax Strategy papers estimated potential yields from a tax on sugar sweetened drinks based on a total soft drink sales in Ireland of 685.4 million litres per annum.  The TSG papers estimated that the tax would apply to 60% of these sales.  My Department has been informed by the soft drinks industry that due to the continual reformulation of products by that industry the total taxable soft drink products in now closer to 50%.  Based on this information the estimated yields are set out as follows:

Estimated yields

I have not yet finalised the structure, scope or rate of the tax, so estimates are preliminary and subject to change. 

It is important to note that the proposed introduction date of the tax on sugar sweetened drinks is April 2018 and the soft drinks industry continue to reformulate their products, reducing sugar content, in order to limit their exposure to the tax.  This indicates that the policy is already having a positive impact prior to its introduction, however, this means that the resulting tax yield will likely be less than estimated.

The UK, who are introducing a similar tax in April 2018, recently revised down their estimated yield from £520m to £380m on the basis of industry reformulation.

Pearse Doherty (Donegal, Sinn Fein)
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114. To ask the Minister for Finance the estimated revenue that would be raised from the introduction of a new rate of 41%, 42%, 43%, 44%, 45%, 46% and 47% on a person's income in excess of €100,000. [14880/17]

Michael Noonan (Limerick City, Fine Gael)
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It is assumed for the purposes of these estimates that the existing standard rate band structure and 20% and 40% income tax rates would remain for income up to €100,000, with the rates proposed by the Deputy to apply on income in excess of that amount.

I am advised by Revenue that major issues would need to be resolved as to how, in practice, such new Income Tax rates could be integrated into the current system and how this would affect the relative position of different types of income earners.

Notwithstanding these issues, Revenue estimates that the full year yield to the Exchequer of the introduction of the suggested new third rate of Income Tax of 41%, 42%, 43%, 44%, 45%, 46% and 47% on income in excess of €100,000 would be of the order of €86 million, €172 million, €258 million, €343 million, €429 million, €515 million, and €601 million respectively.

All figures above are estimates for 2017, using the actual data for the year 2014, the latest year for which data are available, adjusted for income, self-employment and employment trends in the interim. They are 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. This means that, in the case of a jointly assessed two-earner couple, the yield estimates above assume the higher rate of income tax would apply once joint income exceeds €100,000.

Pearse Doherty (Donegal, Sinn Fein)
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115. To ask the Minister for Finance the estimated revenue that would be raised by increasing capital acquisitions tax to 34%, 35% and 36%. [14881/17]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage at http://www.revenue.ie/en/about/statistics/index.html.  This Ready Reckoner shows a wide range of detailed information, including changes to the CAT rates (pages 15-16). While the Ready Reckoner does not show all of the specific costings requested by the Deputy, others can be estimated from those shown on a pro-rata or straight line basis with those displayed in the Reckoner.