Written answers
Thursday, 13 July 2023
Department of Finance
Tax Reliefs
Pearse Doherty (Donegal, Sinn Fein)
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280. To ask the Minister for Finance the tax reliefs/expenditures set to expire at end-2023; the cost of their extension for 2024, and the cost, if any, within the base for each in 2024. [34892/23]
Michael McGrath (Cork South Central, Fianna Fail)
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The following tax expenditures have a sunset clause of end-2023:
- Sea-going naval personnel credit
- Reduced rate of USC for medical card holders
- Consanguinity relief
- Relief from VRT for electric Vehicles
- Accelerated Capital Allowances for Energy Efficient Equipment
The Budget package cost of extending measures with sunset clauses will be set out in the Budget Day documentation. If these measures were to be extended beyond 2023 these estimates would be subject to revision based on the latest available data. As the Deputy will be aware that it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any matters that might be the subject of Budget decisions.
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