Written answers
Tuesday, 7 June 2011
Department of Finance
Tax Code
9:00 pm
Michael Colreavy (Sligo-North Leitrim, Sinn Fein)
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Question 43: To ask the Minister for Finance his plans to publish the terms of reference for the review into the universal social charge. [14248/11]
Michael Noonan (Limerick City, Fine Gael)
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The position is that the programme for Government commits to a review of the Universal Social Charge (USC) and I have stated a number of times in the House that I encourage all interested parties to join the review of the USC by way of submission to my Department. My Department is currently accepting submissions from interested parties; however, if changes to the USC are being proposed, I would request well thought-out and workable solutions to fill any revenue gaps created. The focus must be on maintaining the €4 billion yield. It is anticipated that the review will be carried out over the coming months and be completed in time for Budget 2012, and I will provide the terms of reference when they are finalized.
When the review has been completed and the findings and recommendations are presented to me, I will decide on the appropriate action to be taken.
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