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Tax Yield

Dáil Éireann Debate, Tuesday - 25 July 2023

Tuesday, 25 July 2023

Questions (314, 315)

Róisín Shortall

Question:

314. Deputy Róisín Shortall asked the Minister for Finance the estimated amount of additional revenue that would be raised in 2023 through a third rate of income tax of 41% on incomes above €100,000, as well as 42%, 43%, 44% and 45%, in tabular form; and if he will make a statement on the matter. [36187/23]

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Róisín Shortall

Question:

315. Deputy Róisín Shortall asked the Minister for Finance the estimated amount of additional revenue that would be raised in 2023 through a third rate of income tax of 41% on incomes above €100,000, as well as 42%, 43%, 44% and 45%, assuming tax band indexation of 4%, in tabular form; and if he will make a statement on the matter. [36188/23]

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Written answers

I propose to take Questions Nos. 314 and 315 together.

The Department of Finance has opened its pre-budget costings service, this is available with effect from 3 July 2023.  The procedures for availing of this service are set out in a letter dated 3 July 2023 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann.  To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.

Question No. 315 answered with Question No. 314.
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