Written answers
Wednesday, 28 November 2018
Department of Finance
Tax Credits
Billy 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]
Paschal 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 Credit | First Year Cost €m | Full Year Cost €m |
---|---|---|
€1,450 | 13.6 | 24 |
€1,550 | 26.7 | 48 |
€1,650 | 40 | 72 |
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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