PQs to the Minister for Finance

DÁIL QUESTION

NO 100 and 101

To ask the Minister for Finance the number of those whose annual income is €80,000 and over and claim a home carer tax credit..

– Thomas Pringle.
* For WRITTEN answer on Tuesday, 25th September, 2012.
Ref No: 40248/12

To ask the Minister for Finance the number of taxpayers that claim a home carer tax credit..

– Thomas Pringle.
* For WRITTEN answer on Tuesday, 25th September, 2012.
Ref No: 40249/12

REPLY

Minister for Finance ( Mr Noonan) : I propose to take Questions Nos. 100 and 101 together.

I am informed by the Revenue Commissioners that the most recent basic data available on the number of taxpayers availing of the home carer tax credit is in respect of the income tax year 2010.

There were 77,600 taxpayers availing of the home carer tax credit in 2010, of which 12,800 had a gross income of €80,000 and over.

The numbers availing represent income earners who were in a position to absorb at least some of the tax relief and thereby give rise to an Exchequer cost. They do not include the numbers of potential claimants whose entitlements to other tax reliefs were sufficient to reduce their liability to tax to nil without reference to the specific relief. The numbers availing are rounded to the nearest hundred as appropriate.

The numbers are based on details from tax returns on record at the time the data were compiled for analytical purposes. This was generally based on coverage levels representing in or about 95% of all returns expected.

It should be noted that gross income is defined in the Revenue Statistical Report 2010.

A married couple that have elected or have been deemed to have elected for joint assessment is counted as one taxpayer.

DÁIL QUESTION

NO  99

To ask the Minister for Finance the number of those with an income of €80,000 and over per annum; and the number of those with an income of €100,000 and over per annum..

– Thomas Pringle.

*    For WRITTEN answer on Tuesday, 25th September, 2012.

Ref No: 40247/12

REPLY

Minister for Finance ( Mr Noonan) :          I am advised by the Revenue Commissioners that the estimated number of income earners earning more than €80,000 per year, estimated by reference to the income tax year 2012, is 180,100 and the corresponding number earning more than €100,000 per year is 104,600. Numbers are rounded to the nearest hundred.

The figures are an estimate from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. They are, therefore, provisional and likely to be revised.

It should be noted that a married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.

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