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Tax Exemptions

Dáil Éireann Debate, Tuesday - 2 December 2014

Tuesday, 2 December 2014

Questions (176)

Michael McGrath

Question:

176. Deputy Michael McGrath asked the Minister for Finance if he will provide in tabular form the annual cost of the artists exemption tax relief in each year from 2005 to 2013; the number of persons benefitting in each year; his plans to review the scheme; and if he will make a statement on the matter. [45884/14]

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Oral answers (1 contributions)

The information regarding the annual cost and numbers availing of the Artists' Exemption is set out in the table for the years 2005 to 2012, the most recent figures available. The fall in the cost of the exemption in recent years reflects both the introduction of an annual cap of €40,000 on the exemption since 2010 and the impact of the economic downturn on the incomes of artists.

Year

Cost of Artists Exemption - €m

Number of Claimants

2005

34.8

2,220

2006

65.9

2,890

2007

27.4

2,650

2008

21.8

2,630

2009

22.1

2,590

2010

9.6

2,350

2011

5.5

2,520

2012

4.8

2,490

As the Deputy will be aware, my officials will be carrying out a review of the artists exemption in advance of Budget 2016. The terms of this review have not yet been finalised. I will be considering the matter further in the coming weeks and I will announce details on the terms of the review in the new year.

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