Dáil Éireann - Volume 458 - 28 November, 1995

Written Answers. - Tax Liability Threshold.

Mr. Kenneally Mr. Kenneally

78. Mr. Kenneally asked the Minister for Finance the cost to the Exchequer of increasing the income threshold by £2,000 in respect of a single person and £4,000 in respect of a married couple below which a taxpayer does not become liable for tax. [17743/95]

Minister for Finance (Mr. Quinn) Ruairí Quinn

Minister for Finance (Mr. Quinn): It is assumed that the Deputy's question relates to the cost of increasing the income tax exemption limits by the amounts stated.

The full year cost to the Exchequer, estimated by reference to the income tax year 1996-97, of increasing the exemption limits by £2,000 for single and widowed persons and £4,000 for married couples is £336.7 million.

This estimate is provisional and is likely to be reviewed.

Dáil Éireann 458 Written Answers. Tax Liability Threshold.

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