Written answers

Tuesday, 28 June 2016

Department of Finance

Universal Social Charge Data

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent)
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93. To ask the Minister for Finance the number of workers who would be removed from liability if he increased the entry point of the universal social charge to €15,000 per year; and if he will make a statement on the matter. [18396/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that the additional number of persons who would become exempt from the Universal Social Charge (USC) if the current exemption threshold of €13,000 was increased to €15,000 would be in the order of 80,000 persons. This would result in an estimated 33% of income earners being exempt from the USC.

These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2013, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2016 incomes and are provisional and may be revised.

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