Dáil Éireann Debate, Tuesday - 25 February 2014
204. Deputy Michael McGrath asked the Minister for Finance the estimated cost to the Exchequer in a full year of extending a tax credit of an amount equal to the PAYE tax credit to self-employed persons; and if he will make a statement on the matter. [9383/14]
Amharc ar fhreagraI am advised by the Revenue Commissioners that the cost to the Exchequer of extending the PAYE credit to the self employed and proprietary directors is estimated at €450 million in a full year.
These figures are estimates from the Revenue tax forecasting model using the latest actual data for the year 2011, adjusted as necessary for income and employment trends in the interim. They are, therefore, provisional and likely to be revised. A married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.
