Written answers

Thursday, 24 October 2019

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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68. To ask the Minister for Finance the estimated first and full year cost of increasing the group A CAT threshold of €335,000 by €3,000, €10,000, €32,000, €100,000 and €200,000, respectively, in tabular form; and if he will make a statement on the matter. [43994/19]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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69. To ask the Minister for Finance the estimated first and full year cost of reducing the CAT rate from 33% to 32%, 30%, 28% and 23%, respectively, in tabular form; and if he will make a statement on the matter. [43995/19]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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70. To ask the Minister for Finance the estimated first and full year cost of reducing the CAT rate from 33% to 32%, 30%, 28% and 23%, respectively, in tabular form while simultaneously increasing the group A CAT threshold of €335,000 by €3,000, €10,000, €32,000, €100,000 and €200,000, respectively, in tabular form; and if he will make a statement on the matter. [43996/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 68 to 70, inclusive, together.

I am informed by the Revenue Commissioners that the estimated full year costs of increasing the CAT Category A threshold to the proposed amounts, and the costs of increasing the Category A threshold while simultaneously reducing the CAT rates as proposed, is as set out in the following table.

Category A - Full Year Cost (€m)

Current Threshold Proposed Thresholds
CAT Rate % 335,000 338,000 345,000 367,000 435,000 535,000
33 * 2 8 22 54 83
32 6 8 13 27 58 87
30 17 20 24 37 66 93
28 29 31 36 48 75 100
23 58 60 63 73 95 116
*Current rate and threshold.

The first-year cost of changes depends on the date of introduction but would be in the region of 85% of the amounts shown, if the changes were implemented from Budget day.

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