Written answers

Thursday, 30 November 2017

Photo of Michael McGrathMichael 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]

Photo of Michael McGrathMichael 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]

Photo of Michael McGrathMichael 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]

Photo of Paschal DonohoePaschal 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 €310,000First YearFull Year
Increased to€m€m
€320,0007.48.5
€330,00013.816.0
€340,00019.622.8
€350,00024.828.9
Threshold  B €32,500First YearFull Year
Increased to€m€m
€37,15011.413.2
€42,15022.125.7
Threshold  C €16,250First YearFull Year
Increased to€m€m
€21,2504.75.5
€26,2508.59.9

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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