I am informed by the Revenue Commissioners that the estimated first and full year cost of providing a PAYE credit to self-employed persons as set out by the Deputy is as follows:
Income Range
|
First Year Cost
€m
|
Full Year Cost
€m
|
< €70,000
|
90
|
198
|
€70,000 - €90,000
|
11
|
20
|
Total Cost
|
101
|
218
|
These figures are estimates for 2015, from the Revenue tax forecasting model using data for the year 2012, the latest year for which data are available, adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.
I am also advised by the Revenue Commissioners that, given the current tax structures, major issues would need to be resolved as to how in practice such a credit could be integrated into the current system and how this would affect the relative position of different types of income earners.