Written answers

Wednesday, 8 June 2016

Department of Education and Skills

National Training Fund

Photo of Carol NolanCarol Nolan (Offaly, Sinn Fein)
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216. To ask the Minister for Education and Skills the yield from increasing the employer contribution to the national training fund to 1, 2 and 3% of the reckonable earnings of employees; and if he will make a statement on the matter. [14579/16]

Photo of John HalliganJohn Halligan (Waterford, Independent)
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The National Training Fund Act, 2000 provides for the imposition of a levy on employers in respect of certain employees to be used to give skills or to raise skills amongst those in, or seeking employment. The levy on employers is 0.7% of reckonable earnings in respect of employees in Class A and Class H employments, which represents approximately 75% of all insured employees.

It is estimated that the current levy on employers will generate €382 million in 2016. Based on this level of receipt, increases in the levy will generate the following annual income: 1% €546 million, 2% €1.092 billion and 3% €1.638 billion.

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