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Budget 2020

Dáil Éireann Debate, Wednesday - 16 October 2019

Wednesday, 16 October 2019

Ceisteanna (84)

Robert Troy

Ceist:

84. Deputy Robert Troy asked the Minister for Finance the first year and full year costs of changes announced in budget 2020 to schemes (details supplied). [42369/19]

Amharc ar fhreagra

Freagraí scríofa

In Budget 2020 I announced policy changes to a number of taxation measures with the objective of supporting Enterprise, SMEs and the Agri-sector. This package of measures included the Key Employee Engagement Programme (KEEP), the Employment and Investment Incentive (EII), the Special Assignee Relief Programme (SARP), the Foreign Earnings Deduction (FED) and the Research and Development tax credit, amongst others. 

Details of the costs of these policy measures are provided in the following table.  

 Measure  

2020 Cost  

(€M) 

Full Year Cost

(€M)

Key Employee Engagement Programme

Enhancements to the programme plus cost of measure in existing form

0.5

10

Employment and Investment Incentive

Enhancements to the programme

21 

25 

Special Assignee Relief Programme

Extension in its present form until 31 December 2022*

0

20

Foreign Earnings Deduction

Extension in its present form until 31 December 2022*

0

 3.5

R&D Tax Credit

- Enhancements to credit for small and micro companies

- Increased third level outsourcing limit

0

23

The figures outlined in the above table are set out in Ireland’s Draft Budgetary Plan as submitted to the European Commission on 15 October 2019 and are reflected in the revised ‘Budget 2020 – Tax Policy Changes’ book, as laid before both Houses on the same date.  

*As matters stand currently, this relief has a sunset clause of 31 December 2020.

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