Tax Yield

Dáil Éireann Debate, Tuesday - 20 September 2022

Tuesday, 20 September 2022

Questions (225)

Alan Kelly

Question:

225. Deputy Alan Kelly asked the Minister for Finance the estimated yield if the life assurance exit tax rate increased to 45%. [45867/22]

Written answers

Minister for Finance

I am informed by Revenue that the estimated yield of increasing the rate of Life Assurance Exit Tax can be found in Revenue’s Ready Reckoner which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx. While the exact rate change specified by the Deputy is not shown, these can be estimated on a straight-line or pro-rata basis from those provided.