Written answers
Thursday, 30 November 2017
Department of Finance
Tax Data
Michael McGrath (Cork South Central, Fianna Fail)
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89. To ask the Minister for Finance the first and full year cost of increasing the group A CAT threshold from €310,000 to €320,000, €330,000, €340,000 and €350,000; and if he will make a statement on the matter. [51354/17]
Michael McGrath (Cork South Central, Fianna Fail)
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90. To ask the Minister for Finance the first and full year cost of increasing the group B CAT threshold from €32,150 to €37,150 and €42,150; and if he will make a statement on the matter. [51355/17]
Michael McGrath (Cork South Central, Fianna Fail)
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91. To ask the Minister for Finance the first and full year cost of increasing the group C CAT threshold from €16,250 to €21,250 and €26,250; and if he will make a statement on the matter. [51356/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 89 to 91, inclusive, together.
I am advised by Revenue that the first and full year cost of increasing Group A, B and C thresholds are outlined in the table.
Threshold A €310,000 | First Year | Full Year |
---|---|---|
Increased to | €m | €m |
€320,000 | 7.4 | 8.5 |
€330,000 | 13.8 | 16.0 |
€340,000 | 19.6 | 22.8 |
€350,000 | 24.8 | 28.9 |
Threshold B €32,500 | First Year | Full Year |
Increased to | €m | €m |
€37,150 | 11.4 | 13.2 |
€42,150 | 22.1 | 25.7 |
Threshold C €16,250 | First Year | Full Year |
Increased to | €m | €m |
€21,250 | 4.7 | 5.5 |
€26,250 | 8.5 | 9.9 |
The current Threshold B rate is €32,500 as of 12thOctober 2016.
Further information is available in the Post-Budget 2018 Ready Reckoner which is available on the Revenue Statistics webpage at . This Ready Reckoner shows a wide range of detailed information, including changes to the CAT rates and the Group thresholds.
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