Written answers
Tuesday, 15 October 2019
Department of Finance
Budget 2020
Michael McGrath (Cork South Central, Fianna Fail)
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142. To ask the Minister for Finance the breakdown of the €30 million measures to support enterprise, SMEs and the agri-sector in the tax policy changes budget 2020 document; and if he will make a statement on the matter. [41997/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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In Budget 2020 I announced policy changes to a number of taxation measures, to include Income Tax; Corporation Tax; Capital Gains Tax; and Excise Duties, with the objective of supporting Enterprise, SMEs and the Agri-sector. The combined cost (€30 million in 2020) of the policy changes was provided in the Budget 2020 Summary of Taxation Measures document, which was published on Budget day.
Further details of the nature of these policy changes, including a breakdown of the €30 million cost, is provided in the table below.
| Measure | Exchequer Cost (€M) |
|---|---|
| Key Employee Engagement Programme Enhancements to the programme | 0.5 |
| Employment and Investment Incentive Enhancements to the incentive | 21 |
| Special Assignee Relief Programme Extension in its present form until 31 December 2022* | 0 |
| Foreign Earnings Deduction Extension in its present form until 31 December 2022* | 0 |
| R&D Tax Credit -Enhancements to credit for small and micro companies-Increased third level outsourcing limit | 0 |
| Microbrewery relief Production ceiling for qualification raised | 0 |
| Diesel Rebate Scheme Relief for users of the scheme from increase in carbon tax | 4.9 |
| Betting Tax relief Introduction of a relief from betting duty and betting intermediary duty up to a limit of €50k per calendar year (applying only to single undertakings) | 2.6 |
| CGT relief for Farm Restructuring Extension in its present form to end 2022 | 1 |
*As matters stand currently, this relief has a sunset clause of 31 December 2020.
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