Dáil Éireann Debate, Tuesday - 20 June 2023
236. Deputy Paul Donnelly asked the Minister for Finance the estimated cost to the Exchequer of increasing the incapacitated child credit from €3,300 to €3,500 per year; and if he will make a statement on the matter. [29066/23]
View answerBased on Revenue’s latest Ready Reckoner (Post-Budget 2023), the estimated costs on a first and full year basis of an increase in the value of the tax credit as mentioned by the Deputy are set out in the table below:
|
Measure |
Adjustment |
First Year Cost |
Full Year Cost |
|
Incapacitated Child Tax Credit |
An increase of €200 from €3,300 to €3,500 |
€5.6m |
€6.4m |
I would draw the Deputy's attention to the fact that the post-Budget 2023 Ready Reckoner is available on the Revenue Statistics webpage at:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
Amounts other than those shown in the Ready Reckoner can generally be extrapolated using a straight line or pro-rata calculation.
