Revenue: Tax-free child benefit costs €500m a year
Child benefit is one of the few social welfare payments that is not taxed or means-tested, ever since it was introduced 75 years ago
The tax-free status of child benefit is costing over €500 million per year, according to new figures from the Revenue Commissioners.
Child benefit is one of the few social welfare payments that is not taxed or means-tested, ever since it was introduced 75 years ago.
The Revenue’s latest tax expenditures report shows it could collect €554 million from some of the 605,000 families getting child benefit if it was subject to tax. This would see parents paying...
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