Written answers
Thursday, 4 July 2019
Department of Finance
Tax Deduction Systems
Michael McGrath (Cork South Central, Fianna Fail)
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81. To ask the Minister for Finance the estimated annual cost of expanding the foreign earnings deduction to an extra country; and if he will make a statement on the matter. [28759/19]
Michael McGrath (Cork South Central, Fianna Fail)
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82. To ask the Minister for Finance the number of persons based on the most recent data that have availed of the foreign earnings deduction per annum; the annual cost in this regard; and if he will make a statement on the matter. [28760/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 81 and 82 together.
I am advised by Revenue that it is not possible to estimate the cost of expanding the FED scheme to an extra country as there are no data available on the number of taxpayers that might qualify to claim the deduction, or how this might vary depending on what additional country was chosen or the ability of the taxpayers concerned to absorb the deduction.
Revenue further advise me that the most recent year for which data are currently available is 2016 (it is expected that 2017 data will be available in the coming weeks). In 2016, 413 persons availed of the deduction with an Exchequer cost of some €3.5 million. The latest information on the cost and number of individuals availing of the Foreign Earnings Deduction (FED) scheme can be found at the following link:
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The FED scheme is being reviewed at present along with the Special Assignee Relief Programme.
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