Dáil Éireann debate -
Thursday, 5 Dec 1996

Vol. 472 No. 5

Written Answers. - Tax Yields.

Tony Gregory

Question:

41 Mr. Gregory asked the Minister for Finance if he will give a breakdown of the £106 million yield in 1996-97 between the change in mortgage interest relief, medical insurance relief, medical expenses relief and taxation of social welfare, further to his reply to Question No. 116 of 20 November 1996. [23602/96]

Minister for Finance (Mr. Quinn)

It is tentatively estimated that the yields in 1996-7 from the tax measures set out in the question are as follows:

	1996-97
	£m
Phased standard rating of mortgage interest relief (cumulative gain)	37.0
Phased standard rating of medical insurance relief (cumulative gain)	25.5
Medical expenses threshold increase	1.7
Making unemployment benefits reckonable as income for tax purposes	17.5
Making disability benefit reckonable as income for tax purposes	26.0

The revenue yields from these measures when costed individually are slightly higher than when they are costed as a combined Package. Consequently, the total yield derived by adding the above individual yields slightly exceeds the total estimated yield given in the previous reply.