Billy Kelleher
Question:129. Deputy Billy Kelleher asked the Minister for Finance the estimated cost in a full year based on latest data at hand of a proposal (details supplied). [49771/18]
View answerWednesday, 28 November 2018
Questions (129)
Written answers
The estimated costings sought by the Deputy are set out in the table:
|
Earned Income Tax Credit |
First Year Cost €m |
Full Year Cost €m |
|
€1,450 |
13.6 |
24 |
|
€1,550 |
26.7 |
48 |
|
€1,650 |
40 |
72 |
I am advised by Revenue that the estimated cost of increasing the Earned Income Tax Credit can be found on page 6 of the Revenue Ready Reckoner which is available on the Revenue website: https://www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
Costs not displayed in the Ready Reckoner can be estimated on a straight-line or pro-rata basis from the costs shown.