I am advised by Revenue that the full year estimated yields from standard-rating discretionary tax reliefs and expenditures, which currently apply at the marginal rate, and cost in excess of €10 million per annum in revenue foregone, are as follows.
Reliefs and Expenditures
|
Full Year Yield (€m)
|
Approved Profit-Sharing Schemes
|
24
|
Dispositions (including Maintenance Payments)
|
6
|
Donations to Charities and Approved Bodies
|
12
|
Employment and Investment Incentive
|
10
|
Exempt Income Rent A Room
|
0.7
|
Exemption of Certain Earnings of Writers, Composers and Artists
|
5
|
Exemption of Interest on Savings Certificates, National Instalment Saving & Index Linked Saving Bonds
|
27
|
Health Expenses (Nursing Homes)
|
7
|
Carry forward of excess relief under the High-Income Earners Restriction
|
49
|
Pension Contributions
|
553
|
Rental Deduction for Leasing of Farm Land
|
5
|
These yields are based on actual 2017 data, except for the High-Income Earners Restriction Carry Forward estimate, which is based on 2016 data. It is not possible to provide a first year costing due to the nature of the data utilised and how it is maintained on Revenue’s systems.