Dáil Éireann Debate, Thursday - 25 November 2010
80 Deputy Richard Bruton asked the Minister for Finance in the context of the rates at which child benefit is paid, his estimate of the savings that could be made if this was subject to income tax or if it was subjected to the income levy 2% up to €75,036 and if the administrative requirements to subject this payment to tax have been worked out. [44614/10]
View answerI am informed by the Revenue Commissioners that the estimated full year yield, based on projected 2011 incomes, from treating Child Benefit as subject to (a) income tax €326 million (b) the income levy €26 million. The taxation of Child Benefit, as it is currently administered, is not a straightforward matter. There are legal, equity and administrative issues that would need to be overcome before the taxation of this payment could be introduced. These issues are being examined in my Department.
