Written answers

Wednesday, 28 September 2016

Department of Finance

Universal Social Charge Data

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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128. To ask the Minister for Finance to provide data for each of the following independent options for changes to the USC, both the year one cost and the full year cost of changing the amount of income subject to the 1% rate to €15,000; reducing the 3% rate by 0.5%; reducing the 5.5% rate by 0.5%; and changing the amount of income subject to the 3% rate from the next €6,656 to the next €9,156. [27738/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the pre-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at .In relation to the Deputy's questions, this Ready Reckoner shows a wide range of detailed information, including the estimated cost to the Exchequer of changes to the Universal Social Charge (USC) bands and rates. While the Ready Reckoner does not show all of the specific costings requested by the Deputy, other changes can be estimated on a pro-rata or straight-line basis from those displayed in the Reckoner.

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