Written answers
Tuesday, 25 September 2018
Department of Finance
Exchequer Returns
Michael McGrath (Cork South Central, Fianna Fail)
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148. To ask the Minister for Finance the estimated €600 million yield in 2019 from the non-indexation of the taxation system by tax head; and if he will make a statement on the matter. [38554/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I assume the figure the Deputy is referring to is the estimated Exchequer yield from non-indexation of the income tax head, prepared in advance of Budget 2018, which was of the order of €0.6 billion on a full year basis.
The expected yield from non-indexation in 2019 will be updated as part of the preparations for Budget 2019 as the various elements of budgetary arithmetic required to forecast this figure become finalised.
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