Dáil Éireann Debate, Wednesday - 28 September 2016
125. Deputy Michael McGrath asked the Minister for Finance the key statistics on the home renovation incentive scheme including the number of persons availing of the scheme; the total spend; the amount of tax foregone; his plans to extend the scheme; and if he will make a statement on the matter. [27735/16]
Amharc ar fhreagraData relating to the Home Renovation Incentive (HRI) is available from the statistics section of the Revenue website at http://www.revenue.ie/en/about/statistics/index.html. Specifically, the most recently available information on the cost of the scheme is in the Tax Expenditures section of the page at http://www.revenue.ie/en/about/statistics/hri-stats.html.
It should be noted that the value of the tax credits referred to therein is not reflective of the cost to the exchequer as not all credits have been claimed to date. Furthermore, it should be noted that tax credits claimed by an individual under HRI are generally split evenly over a two year period.
In my Budget speech last year, I announced the extension of the HRI for a further and final year, to the end of 2016. Any decision to provide for a further extension would be announced in the context of the Budget and Finance Bill.
