Joan Burton (Dublin West, Labour)
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Question 181: To ask the Minister for Finance the forecast yield from the universal social charge introduced in the Budget 2011 for 2011, 2012, 2013 and 2014 [3298/11]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Universal Social Charge (USC) is a tax which replaces the income and health levies. It is intended to broaden the tax base in an equitable manner. USC receipts will be collected under the income tax sub-head. The Budget 2011 projections for receipts from the USC are set out as follows.

In addition to the projected USC receipts detailed above, the Exchequer will benefit in 2011 from arrears collected in respect of the income levy and the health levy. As with all new income tax measures, the first year yield is expected to be significantly below the full-year yield, for a number of reasons including the fact that a portion of the tax collected in the year in which a measure is introduced relates to earnings in the previous year.