Neale Richmond (Dublin Rathdown, Fine Gael)
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224. To ask the Minister for Finance the estimated amount it would cost to increase the tax band of the incapacitated tax credit by €200; the full-year cost of the current tax credit; and if he will make a statement on the matter. [34139/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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Based on Revenue’s latest Ready Reckoner (Post-Budget 2022), the estimated costs on a first and full year basis of an increase in the value of the tax credit as mentioned by the Deputy are set out in the following table.

In relation to the cost of the tax expenditure, approximately 30,700 taxpayer units availed of the incapacitated child tax credit in 2018 with an estimated cost of €92.7 million. It should be noted that 2018 is the latest year for which finalised Revenue data in respect of the incapacitated child tax credit is available. 

Also, the full year costs of the incapacitated tax credit for the years 2004 to 2018 can be found on the Revenue website at:

www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx .

I am advised by Revenue that the associated data for 2019 are expected to be available shortly.

I would draw the Deputy's attention to the fact that the post-Budget 2022 Ready Reckoner is available on the Revenue Statistics webpage at:

www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx

Amounts other than those shown in the Ready Reckoner can be extrapolated using a straight line or pro-rata calculation.

Mairead Farrell (Galway West, Sinn Fein)
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225. To ask the Minister for Finance the estimated cost of increasing the home care tax credit from €1,600 to €1,800; the full-year cost of the current tax credit for households that avail of the grant; and if he will make a statement on the matter. [34197/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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Based on Revenue’s latest Ready Reckoner (post-Budget 2022), the estimated cost on a first and full year basis of the increases in the value of the tax credit as mentioned by the Deputy are set out in the following table.

In relation to the cost of the tax expenditure, approximately 83,100 taxpayer units availed of the Home Carer tax credit in 2018 with an estimated cost of €90 million. It should be noted that 2018 is the latest year for which finalised Revenue data in respect of the Home Carer tax credit is available. 

I am advised by Revenue that the associated data for 2019 are expected to be available shortly.

I would draw the Deputy's attention to the fact that the post-Budget 2022 Ready Reckoner is available on the Revenue Statistics webpage at:

www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx

The Ready Reckoner provides estimated costs and yields arising from changes to a wide range of taxes and duties, including the Home Carer Tax Credit. Amounts other than those shown in the Ready Reckoner can be extrapolated using a straight line or pro-rata calculation.