Written answers
Tuesday, 18 November 2014
Department of Finance
Tax Yield
Pearse Doherty (Donegal South West, Sinn Fein)
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175. To ask the Minister for Finance the revenue raised at each of the universal social charge rates, that is, at 2%, 4%, 7% and 10%, for each year since the introduction of USC. [44081/14]
Michael Noonan (Limerick City, Fine Gael)
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The total receipts collected under the Universal Social Charge (USC) are listed in the table below. It is important to take into account that these figures are based on end of year outturns and are on a Revenue net receipts basis. These can differ slightly from Exchequer receipts for reasons of accounting and timing.
| - | 2011 | 2012 | 2013 |
|---|---|---|---|
| USC Net Receipts (€m) | 3,114 | 3,790 | 3,930 |
The following table provides a breakdown of USC net receipts collected at each rate for the tax year 2012. Figures for 2013 are not yet available. No rate breakdown is available for 2011, as data were not compiled in a manner to enable collation of this information in the first year of operation for the USC.
| USC Rate | USC Collected (€m) |
|---|---|
| 2% | 360 |
| 4% | 500 |
| 7% | 2,880 |
| 3% Surcharge | 50 |
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