Written answers

Thursday, 12 June 2025

Photo of Pearse DohertyPearse 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]

Photo of Paschal DonohoePaschal 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

Photo of Pearse DohertyPearse 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]

Photo of Paschal DonohoePaschal 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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