Pat Buckley (Cork East, Sinn Fein)
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173. To ask the Minister for Finance the net cost or gain if new tax bands (details supplied) were introduced. [49382/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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It is assumed that when the Deputy refers to ‘corresponding bands based on the status quo for others’, the intention is that the standard rate cut off point is adjusted accordingly, but that the additional proposed bands of income are standardised, i.e. they are the same width, for all taxpayers.

Revenue has advised that the estimated full yield to the Exchequer from the introduction of the new bands outlined by the Deputy would be of the order of €130 million and €230 million on a first year and full year basis respectively.

These estimates have been generated by reference to projected 2019 incomes, calculated on the basis of actual data for the year 2016, the latest year for which returns are available and adjusted as necessary for income, self-employment and employment trends in the interim. The estimates also assume that there is no change in behaviour patterns.