Written answers

Tuesday, 15 May 2018

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

191. To ask the Minister for Finance the estimated revenue that would be raised from the abolition of tax relief for private health insurance premiums and the capping of such relief at 5%,10%,12%,15%,18% and 19%, respectively. [21218/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by Revenue that based on 2017 data, the yield to the Exchequer arising from the abolition of tax relief for private health insurance premiums is tentatively estimated to be in the order of €350 million.

The estimated yield to the Exchequer from reducing the current rate of tax relief as proposed by the Deputy would be as follows;

Proposed Cap5%10%12%15%18%19%
Estimated Yield €m 263175140883518

Comments

No comments

Log in or join to post a public comment.