Martin Browne (Tipperary, Sinn Fein)
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188. To ask the Minister for Finance the yield from the life assurance exit tax in 2019 and 2020; and the forecasted yield in 2021. [9775/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed by the Revenue Commissioners that the yield from Life Assurance Exit Tax was €128 million in 2019 and the provisional yield for 2020 is €124 million.

The forecasts published by my Department as part of Budget 2021 forecast a yield of €125 million for Life Assurance Exit Tax in 2021. However, the Deputy should be aware that these forecasts were based on the now outdated assumptions of a ‘no trade deal’ Brexit and there being no widely available Covid-19 vaccine this year. My Department will update the full set of fiscal projections as part of the Stability Programme Update in April.

For ease of reference, I have provided the figures in tabular form below for the Deputy as well.