Dáil Éireann Debate, Tuesday - 27 July 2021
298. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated full year cost of uncollected tax revenue as a result of individuals offsetting their private health insurance costs against tax liabilities. [41218/21]
Amharc ar fhreagraI am informed by Revenue that the estimated cost of Medical Insurance Relief is included in the ‘Costs of Tax Expenditures Publication’ (Credits, Allowances and Reliefs), which is available at link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx.
For the convenience of the Deputy, the publication states that the cost of Medical Insurance Relief in 2018 was €355.7m and over 1.25m taxpayers claimed this relief.
The current publication includes data up to 2018. The publication will be updated with data for 2019 in the coming weeks when analysis of tax returns for that year is finalised. This information will be available at the same link as provided above.
