Tax Data

Tuesday, 15 October 2024

Questions (205, 206, 207, 208, 209, 210, 211, 212)

Jim O'Callaghan

Question:

205. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a 0.5% reduction in the 0.5, 2%, 4%, 8% and 11% rates of USC post the enactment of measures announced in Budget 2025. [41490/24]

View answer

Jim O'Callaghan

Question:

206. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a €1,000 increase in the income band of the 0.5, 2%, 4%, 8% and 11% rates of USC post the enactment of measures announced in Budget 2025. [41491/24]

View answer

Jim O'Callaghan

Question:

207. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a €1,000 increase in the reduced rate of USC 0.5% and 2% bands post the enactment of measures announced in Budget 2025. [41492/24]

View answer

Jim O'Callaghan

Question:

208. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a 0.5% reduction in the 0.5%, 2% band of the reduced rate of USC post the enactment of measures announced in Budget 2025. [41493/24]

View answer

Jim O'Callaghan

Question:

209. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost to abolish the USC surcharge of 3% on non-PAYE income of more than €100,000 post the enactment of measures announced in Budget 2025. [41494/24]

View answer

Jim O'Callaghan

Question:

210. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a €50 increase in the personal tax credit, employee PAYE, earned income, home carer tax, single person child carer, incapacitated child carer, blind person tax credits post the enactment of measures announced in Budget 2025, in tabular form. [41495/24]

View answer

Jim O'Callaghan

Question:

211. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a €1,000, €2,500, €5,000, €10,000 and €15,000 increase in the single person and married one earner standard rate income tax bands post the enactment of measures announced in Budget 2025. [41496/24]

View answer

Jim O'Callaghan

Question:

212. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of a €1,000, €2,500, €5,000, €10,000 and €15,000 increase in the higher rate of income tax bands post the enactment of measures announced in Budget 2025. [41497/24]

View answer

Written answers

Minister for Finance

I propose to take Questions Nos. 205 to 212, inclusive, together.

I am advised by Revenue that following the announcement of Budget 2025 on the 1st of October 2024, Revenue is in the process of updating their income tax estimates model to take account of these changes.

Once finalised, Revenue will publish a revised Ready Reckoner, which will set out the costs and/or yields associated with various potential changes to tax policy. This will be published by the 25th of October 2024 and will be available on the Revenue website at

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

Once published, Revenue will then be in a position to provide estimates for 2025 relating to changes to income tax policy, on a post-Budget 2025 basis.

Question No. 206 answered with Question No. 205.

Question No. 207 answered with Question No. 205.

Question No. 208 answered with Question No. 205.

Question No. 209 answered with Question No. 205.

Question No. 210 answered with Question No. 205.

Question No. 211 answered with Question No. 205.

Question No. 212 answered with Question No. 205.