Michael McGrath
Question:134. Deputy Michael McGrath asked the Minister for Finance the yield from the high earners restriction in each year since it was introduced; and if he will make a statement on the matter. [5379/15]
View answerThursday, 5 February 2015
Questions (134)
Written answers
I am informed by the Revenue Commissioners that the additional Income Tax yield in respect of the restrictions introduced in the 2006 and 2007 Finance Acts, with effect from 1 January 2007, limiting the use of certain tax reliefs and exemptions by high income individuals is outlined in the table. These figures are based on returns received and analysis by Revenue.
|
Year |
Additional Tax* €m |
|
2012 |
63 |
|
2011 |
64 |
|
2010 |
80 |
|
2009 |
39 |
|
2008 |
40 |
|
2007 |
40 |
* Figures are rounded
Reports are published on the both my Department's and the Revenue Commissioners' websites that provide comprehensive analysis of the high earners restriction. The most recent report was in respect of 2012. The follow up report for 2013 will be published in due course.