Written answers

Wednesday, 28 November 2018

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
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129. To ask the Minister for Finance the estimated cost in a full year based on latest data at hand of a proposal (details supplied). [49771/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The estimated costings sought by the Deputy are set out in the table:

Earned Income Tax CreditFirst Year Cost €mFull Year Cost €m
€1,45013.624
€1,55026.748
€1,6504072

I am advised by Revenue that the estimated cost of increasing the Earned Income Tax Credit can be found on page 6 of the Revenue Ready Reckoner which is available on the Revenue website: .

Costs not displayed in the Ready Reckoner can be estimated on a straight-line or pro-rata basis from the costs shown.

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