Tax Reliefs

Dáil Éireann Debate, Thursday - 19 July 2012

Thursday, 19 July 2012

Questions (77)

Kevin Humphreys

Question:

77 Deputy Kevin Humphreys asked the Minister for Finance the estimated saving that would accrue to the Exchequer in a full year if tax relief on charitable donations as restricted to the standard rate instead of the marginal rate; and if he will make a statement on the matter. [36124/12]

Written answers

Minister for Finance (Deputy Michael Noonan)

I am advised by the Revenue Commissioners that the full year saving to the Exchequer from standard rating the income tax relief for donations to charities and other approved bodies would be of the order of €20 million.