Written Answers. - Tax Allowances.

Jim Mitchell

Ceist:

258 Mr. J. Mitchell asked the Minister for Finance the estimated total cost to the Exchequer of the PAYE allowance in 2001. [27631/01]

I am advised by the Revenue Commissioners that the estimated cost to the Exchequer of the PAYE tax credit in the calendar year 2001 is £418 million, 531 million. This estimate is provisional and is likely to be revised.