Michael Creed
Ceist:49 Mr. Creed asked the Minister for Finance the increase in tax-free allowances to which a single person is entitled for 1995-96; and the tax-free allowance entitlements of a person (details supplied) in County Cork. [6363/95]
Vol. 451 No. 2
49 Mr. Creed asked the Minister for Finance the increase in tax-free allowances to which a single person is entitled for 1995-96; and the tax-free allowance entitlements of a person (details supplied) in County Cork. [6363/95]
I have been advised by the Revenue Commissioners that the changes are as follows: single person's allowance — an increase of £150; PRSI allowance — a decrease of £146.
In this particular case, the taxpayer's allowances for the tax years 1994-95 and 1995-96 compare as follows:
Tax Year |
1994/95 |
1995/96 |
£ |
£ |
|
Single Person Allowance |
2,350 |
2,500 |
PAYE Allowance |
800 |
800 |
PRSI Allowance |
286 |
140 |
Expenses |
20 |
20 |
Total |
3,456 |
3,460 |