Tuesday, 2 July 2019

Questions (203)

Pearse Doherty

Question:

203. Deputy Pearse Doherty asked the Minister for Finance the breakdown of the €600 million for discretionary revenue-raising measures in the summer economic statement, including, in the case of non-indexation, the revenue associated with each tax credit or threshold; and if he will make a statement on the matter. [27909/19]

View answer

Written answers (Question to Finance)

The carryover to 2020 of tax measures introduced in Budget 2019 is estimated to be in the region of €0.05 billion.

As part of the preparations for Budget 2019, it was estimated that the Exchequer yield from non-indexation of the income tax system would be in the region of €0.57 billion on a full year basis. In light of the publication of the Revenue Commissioners Post-Budget 2019 Income Tax Ready Reckoner this estimate has not changed materially.

In total, these measures come to approximately €0.6 billion.