Dáil Éireann Debate, Tuesday - 28 July 2020
256. Deputy Pearse Doherty asked the Minister for Finance the estimated full-year cost in 2021 of increasing the earned income credit to the same level as the PAYE credit; and if he will make a statement on the matter. [18766/20]
Amharc ar fhreagraThe estimated cost of increasing the Earned Income Credit from its current value of €1,500 to €1,650 so that it is equal to the PAYE credit can be found on page 6 of the Revenue Ready Reckoner, published at the link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.
The cost is estimated at €13 million and €23 million on a first and full year basis, respectively.
