Written answers

Thursday, 11 June 2015

Department of Finance

Universal Social Charge Yield

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Independent)
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82. To ask the Minister for Finance his estimate of the amount of revenue that would be raised by increasing the level of universal social charge paid by employees on the proportion of their salary over €100,000 to match the existing regime for the self-employed. [22880/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the first and full year estimated yield to the Exchequer of raising the amount of Universal Social Charge paid by employees on the proportion of their salary over €100,000 to match the existing regime for the self-employed is in the order of €81 million and €102 million respectively.

These figures are estimates for 2015, from the Revenue tax forecasting model using the latest actual data for the year 2012, the latest year for which data are available, adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.

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