Written answers
Tuesday, 15 November 2011
Department of Finance
Tax Yield
9:00 pm
Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 65: To ask the Minister for Finance if there was a difference between the projected income from the universal social charge and the actual received income from the charge based on the most recent figures available; and if he will make a statement on the matter. [34446/11]
Michael Noonan (Limerick City, Fine Gael)
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Universal Social Charge (USC) receipts are collected by the Revenue Commissioners as a component of income tax. I am informed by the Revenue Commissioners that it is estimated that receipts from the USC amounted to slightly less than €2.3 billion in the first ten months of 2011. This compares to a projected yield of just slightly over €2.3 billion for that period and so receipts were almost exactly in line with expectations.
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