Dáil Éireann Debate, Thursday - 24 October 2019
68. Deputy Michael McGrath asked the Minister for Finance the estimated first and full year cost of increasing the group A CAT threshold of €335,000 by €3,000, €10,000, €32,000, €100,000 and €200,000, respectively, in tabular form; and if he will make a statement on the matter. [43994/19]
Amharc ar fhreagra69. Deputy Michael McGrath asked the Minister for Finance the estimated first and full year cost of reducing the CAT rate from 33% to 32%, 30%, 28% and 23%, respectively, in tabular form; and if he will make a statement on the matter. [43995/19]
Amharc ar fhreagra70. Deputy Michael McGrath asked the Minister for Finance the estimated first and full year cost of reducing the CAT rate from 33% to 32%, 30%, 28% and 23%, respectively, in tabular form while simultaneously increasing the group A CAT threshold of €335,000 by €3,000, €10,000, €32,000, €100,000 and €200,000, respectively, in tabular form; and if he will make a statement on the matter. [43996/19]
Amharc ar fhreagraI propose to take Questions Nos. 68 to 70, inclusive, together.
I am informed by the Revenue Commissioners that the estimated full year costs of increasing the CAT Category A threshold to the proposed amounts, and the costs of increasing the Category A threshold while simultaneously reducing the CAT rates as proposed, is as set out in the following table.
Category A - Full Year Cost (€m)
|
|
Current Threshold |
Proposed Thresholds |
||||
|
CAT Rate % |
335,000 |
338,000 |
345,000 |
367,000 |
435,000 |
535,000 |
|
33 |
* |
2 |
8 |
22 |
54 |
83 |
|
32 |
6 |
8 |
13 |
27 |
58 |
87 |
|
30 |
17 |
20 |
24 |
37 |
66 |
93 |
|
28 |
29 |
31 |
36 |
48 |
75 |
100 |
|
23 |
58 |
60 |
63 |
73 |
95 |
116 |
*Current rate and threshold.
The first-year cost of changes depends on the date of introduction but would be in the region of 85% of the amounts shown, if the changes were implemented from Budget day.
