I propose to take Questions Nos. 68 to 70, inclusive, together.
I am informed by the Revenue Commissioners that the estimated full year costs of increasing the CAT Category A threshold to the proposed amounts, and the costs of increasing the Category A threshold while simultaneously reducing the CAT rates as proposed, is as set out in the following table.
Category A - Full Year Cost (€m)
|
Current Threshold
|
|
|
|
|
Proposed Thresholds
|
CAT Rate %
|
335,000
|
338,000
|
345,000
|
367,000
|
435,000
|
535,000
|
33
|
*
|
2
|
8
|
22
|
54
|
83
|
32
|
6
|
8
|
13
|
27
|
58
|
87
|
30
|
17
|
20
|
24
|
37
|
66
|
93
|
28
|
29
|
31
|
36
|
48
|
75
|
100
|
23
|
58
|
60
|
63
|
73
|
95
|
116
|
*Current rate and threshold.
The first-year cost of changes depends on the date of introduction but would be in the region of 85% of the amounts shown, if the changes were implemented from Budget day.