Brendan Griffin (Kerry South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

79. To ask the Minister for Finance the immediate costs to the Exchequer of raising the point of entry for universal social charge eligibility; if he will provide examples in tabular form of threshold increases; the number of tax payers that would be affected and the costs involved; his views that action on this would be an effective way of easing the tax burden for the lowest paid workers in the State; and if he will make a statement on the matter. [34950/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I assume that Deputy means that only the entry point to the charge of USC is increased and that once the increased threshold has been reached that full liability for USC at the current rates and thresholds would apply.

On that basis, I am informed by the Revenue Commissioners that the estimated first and full year costs, with reference to 2015 incomes, of increasing the exemption threshold for the Universal Social Charge (USC) to €11,000, €12,000, €13,000, €14,000 and €15,000 and the numbers affected by each increase are detailed in the following table.