I propose to take Questions Nos. 76, 86 and 87 together.
I am informed by the Revenue Commissioners that the Ready Reckoner at link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx (page 14) shows the estimated cost of increasing the life time limit for revised Entrepreneur Relief.
For the Deputy's convenience, this information is presented in the following table.
Proposed Lifetime Limit € million
|
Full Year Cost € million
|
2.5
|
34
|
5
|
61
|
7.5
|
75
|
10
|
81
|
12.5
|
83
|
15
|
84
|
The numbers availing of the Relief, and the cost to the Exchequer, are available at link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx. The most recent year for which data are presently available is 2016, it is expected that 2017 will be available in the coming weeks at the same link.
For the Deputy's convenience, the information available is presented in the following table.
Cost € million
|
Number Availed
|
20.4
|
406
|
I am advised that it is not possible to cost the proposal to expand the relief to additional investor types in the absence of quantifiable data on the likely uptake were this to be done.