Dáil Éireann Debate, Thursday - 20 October 2016
94. Deputy Michael McGrath asked the Minister for Finance the yield from non-indexation of the tax bands and credits in 2017; the number of taxpayers impacted by the decision not to change the bands and credits; and if he will make a statement on the matter. [31417/16]
Amharc ar fhreagraAs part of the preparation for Budget 2017, it was estimated that the Exchequer yield from non-indexation of the income tax system would be in region of c. €385 million in 2017 and €450 million on a full year basis. Of this, non-indexation of income tax credits and bands accounts for c. €345 million in a first year and €400 million on a full year basis.
I am advised by the Revenue Commissioners that it is estimated that around 1.6 million tax cases were impacted by the decision not to index income tax credits and bands in 2017.
