Dáil Éireann Debate, Thursday - 12 March 2015
85. Deputy Robert Troy asked the Minister for Finance the cost of providing a child tax credit, in respect of each child under 18 years of age at a rate of €300 a year; and if he will make a statement on the matter. [10761/15]
View answerI am advised by the Revenue Commissioners that the estimated cost to the Exchequer of providing a child tax credit at an annual rate of €300 is in the order of €240 million.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2015 incomes and are provisional and may be revised.
