Written answers
Wednesday, 29 September 2010
Department of Social and Family Affairs
Social Insurance
11:00 pm
Michael Noonan (Limerick East, Fine Gael)
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Question 1231: To ask the Minister for Social Protection the projected revenue forgone in 2011 of a 2% cut in the standard 10.75% rate of employers' PRSI up to €40,000 in earnings; and if he will make a statement on the matter. [33972/10]
Michael Noonan (Limerick East, Fine Gael)
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Question 1232: To ask the Minister for Social Protection the projected revenue foregone in 2011 of a halving of the lower 8.5% rate of employers' PRSI; and if he will make a statement on the matter. [34000/10]
Éamon Ó Cuív (Galway West, Fianna Fail)
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I propose to take Questions Nos: 1231 and 1232 together. The projected PRSI forgone from the above measures, on a full year basis, is detailed in the following table:
€m | |
2% reduction in 10.75% rate to €40,000 | 429 |
Reduce 8.5% rate to 4.25% | 232 |
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