Michael Noonan
Question:253 Mr. Noonan asked the Minister for Finance the estimated cost of increasing the PAYE allowance to £3,600, payable at the standard rate; and if he will make a statement on the matter. [23317/00]
Written Answers. - PAYE Allowance.
I am advised by the Revenue Commissioners that the cost to the Exchequer, estimated by reference to an income tax year based on 2001 incomes, of the change mentioned by the Deputy is £622.4 million in a full year. This estimate is provisional and is likely to be revised.