Dáil Éireann Debate, Tuesday - 1 July 2014
140. Deputy Catherine Murphy asked the Minister for Finance the amount that was paid out under the one-parent family tax credit in 2010, 2011, 2012 and 2013; the amount that has been paid out to date under the single parent child carer tax credit; and if he will make a statement on the matter. [28282/14]
View answerI am advised by the Revenue Commissioners that the estimated cost for the Exchequer of One Parent Family Tax Credit in 2010, 2011, 2012 and 2013 was €142m, €144m, €147m and €127m respectively. I am further advised that the estimates for 2013 are provisional and will not be finalised until after tax returns for the tax year 2013 are received, the bulk of these returns are not due to be filed until later this year. In Budget 2014, it was estimated that the introduction of the Single Parent Child Carer Credit (SPCCC) would yield a saving to the Exchequer of €18m for 2014. However, it will not be possible to quantify the cost of the SPCCC or the saving for 2014 until next year.
