Dáil Éireann Debate, Tuesday - 27 September 2016
170. Deputy Michael Healy-Rae asked the Minister for Finance his views on a matter (details supplied) regarding earned income tax credits in the farming community; and if he will make a statement on the matter. [26720/16]
View answerAs the Deputy will be aware, an Earned Income Credit to the value of €550 has been in operation since January this year and is available to those with earned income who do not have access to the PAYE credit. This is of potential benefit to all self-employed individuals including farmers, foresters, fishermen and small food processors, where they have sufficient income.
Furthermore, there is a commitment in the Programme for Government, to work with the Oireachtas, to increase the Earned Income Credit to €1,650 by 2018. I will consider options towards achieving this commitment as part of my deliberations for Budget 2017.
