Dáil Éireann - Volume 378 - 01 March, 1988

Written Answers. - Income Tax Personal Allowance.

[1126] 90. Mr. Boland asked the Minister for Finance the cost to the Exchequer, in returns of tax foregone, of personal allowance for income tax purposes for (a) single and (b) married persons in respect of the tax year 1987-88.

Minister for Finance (Mr. MacSharry): Following is the information requested:

Personal Allowance

Estimated cost to the Exchequer 1987/88

£ million

(Provisional)

Single persons

430

Married persons

770

Note: The figure show the cost of (a) the allowances granted to individuals effectively liable to tax and (b) the allowances which would have been accorded to individuals if the exemption limits did not apply to them.