Tuesday, 15 May 2018

Ceisteanna (191)

Pearse Doherty

Ceist:

191. 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%, respectively. [21218/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that based on 2017 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 €350 million.

The estimated yield to the Exchequer from reducing the current rate of tax relief as proposed by the Deputy would be as follows;

Proposed Cap

5%

10%

12%

15%

18%

19%

Estimated Yield €m

263

175

140

88

35

18

Question No. 192 answered with Question No. 190.