Written answers
Thursday, 12 June 2025
Department of Finance
Tax Credits
Pearse Doherty (Donegal, Sinn Fein)
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297. To ask the Minister for Finance the estimated cost of an €100, €500 and €1,000 increase respectively in the standard rate band; and if he will make a statement on the matter. [31761/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Deputy may wish to note that a Post-Budget 2025 Ready Reckoner is available on the Revenue Statistics webpage at:
The Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands. These figures are based on 2025 estimates from the Revenue tax forecasting model using latest actual data for the year 2022, adjusted as necessary for income, self-employment, and employment trends in the interim. Revenue's Ready Reckoner will be updated in advance of Budget 2026, when updated data is available.
For the convenience of the Deputy, the relevant costs are set out below:
Increase | First year €m | Full Year €m |
---|---|---|
€100 | 23 | 26 |
€500 | 112 | 128 |
€1,000 | 221 | 253 |
Pearse Doherty (Donegal, Sinn Fein)
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298. To ask the Minister for Finance to provide the estimated cost of an €50, €100 and €200 increase respectively in for each tax credit, in tabular form; and if he will make a statement on the matter. [31762/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The estimated cost of increasing the main tax credits can be found in the Revenue Ready Reckoner (Post Budget 2025 – page 5), available on the Revenue website at:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf
These figures are based on 2025 estimates from the Revenue tax forecasting model using latest actual data for the year 2022, adjusted as necessary for income, self-employment, and employment trends in the interim. Revenue's Ready Reckoner will be updated in advance of Budget 2026, when updated data is available.
It is assumed that the Deputy’s proposal relates to the main universal tax credits. On that basis, and for the convenience of the Deputy, the relevant costs are set out in the tables below:
Tax Credit | Increase | First Year (€m) | Full Year (€m) |
---|---|---|---|
Single Personal | 50 | 54 | 61.5 |
Married/Civil Partnership | 100 | 74 | 86 |
Widowed Person/Surviving Civil Partner | 50 | 3.5 | 4 |
Widowed Parent/Surviving Civil Partner Bereavement | 50 | 0.1 | 0.1 |
PAYE | 50 | 108 | 122 |
Earned Income | 50 | 7 | 10 |
Total | 246.6 | 283.6 |
Tax Credit | Increase | First Year (€m) | Full Year (€m) |
---|---|---|---|
Single Personal | 100 | 108 | 123 |
Married/Civil Partnership | 200 | 148 | 172 |
Widowed Person/Surviving Civil Partner | 100 | 7 | 8 |
Widowed Parent/Surviving Civil Partner Bereavement | 100 | 0.2 | 0.2 |
PAYE | 100 | 216 | 244 |
Earned Income | 100 | 14 | 20 |
Total | 493.2 | 567.2 |
Tax Credit | Increase | First Year (€m) | Full Year (€m) |
---|---|---|---|
Single Personal | 200 | 216 | 246 |
Married/Civil Partnership | 400 | 296 | 344 |
Widowed Person/Surviving Civil Partner | 200 | 14 | 16 |
Widowed Parent/Surviving Civil Partner Bereavement | 200 | 0.4 | 0.4 |
PAYE | 200 | 432 | 488 |
Earned Income | 200 | 28 | 40 |
Total | 986.4 | 1,134.40 |
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