Pearse Doherty
Ceist:304. Deputy Pearse Doherty asked the Minister for Finance the potential yield from reducing tax relief on private health insurance payments to 0%, and to 10%. [28891/15]
Amharc ar fhreagraTuesday, 14 July 2015
Ceisteanna (304)
Freagraí scríofa
I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed through the Tax Relief at Source system for medical insurance premia for 2014, the most recent year for which data are available, is estimated at €355 million. Tax relief is currently allowed at the standard rate of income tax i.e. 20%.
The yield to the Exchequer of reducing the tax relief available to 10% and 0% would be of the order of €177 million and €355 million respectively.