Written answers

Tuesday, 8 April 2014

Photo of Denis NaughtenDenis Naughten (Roscommon-South Leitrim, Independent)
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156. To ask the Minister for Finance the total value of funds collected under the income levy in 2010; and if he will make a statement on the matter. [16732/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners thatthe total valueof net receipts collected under the Income Levy in 2010 amounted to €1,446 million. This information was published in the Revenue Commissioners' Annual Report for 2010, which is available at .

Photo of Denis NaughtenDenis Naughten (Roscommon-South Leitrim, Independent)
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157. To ask the Minister for Finance the total value of funds collected under the universal social charge in 2011, 2012 and 2013 respectively; and if he will make a statement on the matter. [16733/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Universal Social Charge (USC) was introduced in Finance Act 2011 and applies for the tax year 2011 and subsequent tax years.

The yield from the charge for the years specified is

2011   -    €3,114m

2012    -   €3,790m

2013     -  €3,930m

USC is a tax payable on gross income, including notional pay, after any relief for certain trading losses and capital allowances, but before pension contributions. It is not charged on social welfare and similar type payments, or on income which was already subjected to DIRT.

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