Dáil Éireann Debate, Tuesday - 28 March 2017
117. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be raised from the abolition of tax relief for private health insurance premiums and the capping of such relief at 5%, 10%, 12%, 15%, 18% and 19%. [14883/17]
Amharc ar fhreagraI am advised by the Revenue Commissioners that based on provisional 2016 data, the yield to the Exchequer arising from the abolition of tax relief for private health insurance premiums is tentatively estimated to be in the order of €330 million.
The estimated yield to the Exchequer from reducing the current rate of tax relief from 20% to 5%, 10%, 12%, 15%, 18% and 19%, assuming retention of the current ceilings for the relief, would be in the order of €247 million, €165 million, €132 million, €82 million, €33 million and €16 million respectively.
