I am informed by Revenue that the estimated yields from standard-rating discretionary tax reliefs and expenditures currently available at the marginal rate that cost in excess of €5 million per year are as shown in the following table. These yields are based on 2017 data. The estimates are tentative and do not account for alterations in taxpayer behaviour.
Relief or Expenditure
|
Full Year Yield (€m)
|
Employee Pension Contribution
|
381
|
Carry forward of excess relief under the High-Income Earners Restriction
|
46
|
Exemption of Interest on Savings Certificates, National Instalment Saving & Index Linked Saving Bonds
|
27
|
Approved Profit-Sharing Schemes
|
24
|
Donations to Charities and Approved Bodies
|
12
|
Employment and Investment Incentive
|
10
|
Health Expenses (Nursing Homes)
|
7
|
Dispositions such as Maintenance Payments
|
6
|
Rental Deduction for Leasing of Farm Land
|
5
|
Employing a Carer
|
3
|
Exemption of Certain Earnings of Writers, Composers and Artists
|
5
|
Stock Relief (General) (S,666 Taxes Consolidation Act 1997)
|
2
|
Exempt Income Rent A Room
|
0.7
|
Further details on the costs of tax reliefs and expenditures, which may be of interest to the Deputy, are published on Revenue’s website at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/index.aspx.