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Dáil Éireann díospóireacht -
Wednesday, 22 Jan 1986

Vol. 363 No. 1

Written Answers. - Indexation of Income Tax Bands.

171.

asked the Minister for Finance the estimated cost to the Revenue of full indexation of income tax bands and allowances in line with inflation in (a) 1986 and (b) a full year.

The cost to the Exchequer, estimated by reference to the current income tax year of indexing the income tax bands and the married, single, widowed, single parent, child, employee (PAYE) and PRSI allowances by reference to the 4.9 per cent rate of inflation at mid-November, 1985, is estimated at £50 million in 1986 and £83 million in a full year.

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