Written answers

Tuesday, 1 October 2013

Department of Finance

Universal Social Charge Yield

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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193. To ask the Minister for Finance when the extension of the universal social charge to over 70s with pensions over €60,000, was implemented; and what was the resultant yield on this measure thus far to end August in 2013, and projected yield for full year; and if he will make a statement on the matter. [40649/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The position is that in Budget 2013, I announced that that the reduced rates of USC for those aged 70 years and over, as well as for medical card holders, with an income in excess of €60,000 would be discontinued from 1 January 2013. This measure was estimated to yield €25 million in 2013 and €38 million in a full year. I am informed by the Revenue Commissioners that figures of USC receipts are not captured in such a manner as would enable the impact of this change to be separately identified.

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