Proinsias De Rossa
Ceist:86 Proinsias De Rossa asked the Minister for Finance the cost or estimated cost of exempting the first £3,500 from the 1 per cent employment training levy for single persons, and the first £7,000 for married couples.
Written Answers. - Employment Training Levy.
Proinsias De Rossa
Ceist:87 Proinsias De Rossa asked the Minister for Finance the cost or estimated cost of exempting the first £4,000 from the 1 per cent employment training levy for single persons, and the first £8,000 for married couples.
I propose to take Questions Nos. 86 and 87 together.
I am informed by the Revenue Commissioners that they do not have statistics available which would enable precise estimates of the cost of the changes to the employment and training levy mentioned in the questions to be made. Following are tentative estimates of the cost of those changes in terms of income levels in the 1993-94 income tax year:
|
Exemption from Employment and Training Levy |
Full Year Cost |
|
£m |
|
|
£3,500 exemption for single and widowed persons and £7,000 exemption for married persons |
53 |
|
£4,000 exemption for single and widowed persons and £8,000 exemption for married persons |
59 |
It is assumed that all individuals who are liable for the employment and training levy would qualify for the suggested reliefs irrespective of their income.